mcx copper weekly Technical analysis for 28 dec to 1 jan 2016

mcx copper weekly Technical analysis for 28 dec to 1 jan 2016
mcx copper future this week closed flat at 313.3.
mcx copper weekly chart price trend is bearish
but with recovery momentum.
 
 
For medium term, mcx copper support zones are 298 and 282.
On upside expect strong resistance at 315 and 331 levels.
 
 
For next week , copper prices might continue to recover so
keep buy on dips view for mcx copper future with stop loss
below 298 for target 315 and 331.
 
 
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