mcx copper weekly technical analysis for 14 to 18 march 2016
Mcx copper future this week closed with loss. After last 3 weeks continue gains we saw some profit booking. This week we has seen 12 rupee range in. Technically, mcx copper future above 316 remain bullish and buy on dips. For next week major support are 331 and then 316. On upside 341 is top and major resistance. Above 331 traders can expect tgt of 341 and above. If copper slips below 330 then expect deeper correction up to 316 which will be best buying and accumulation opportunity with medium to long term view.