mcx copper weekly technical call for 4 to 8 jan 2016

mcx copper weekly technical call for 4 to 8 jan 2016
mcx copper future this week closed with gain at 316.3.
mcx copper weekly chart price trend is bearish but
momentum is on recovery side.
 
 
For medium term, mcx copper support zones are 313 and 297.
On upside expect strong resistance at 331 and 346 levels.
 
 
For next week , copper future might continue its recovery phase
so above 297 keep buy and accumulate view with stop loss
for targets 331 and 346.
 
 
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Pramod Baviskar

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