mcx copper weekly technical outlook for 16 to 20 nov 2015

mcx copper this week closed at 317.4 with loss.
this was fifth losing week for copper prices!!
copper future price trend and momentum both are
bearish and prices are now oversold area on weekly chart.
mcx copper weekly support zones are 316 and 307.
mcx copper weekly resistance zones are 322 and 326.
mcx copper future weekly trading call will be
buy and accumulate around or below support zones
with strict stoploss for targets 322 and 326.
 
long term investors here must follow buy and accumulate
strategy as per individual risk profile and expect
370 to 410 targets in next 6 to 12 months.

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Updated: 15/11/2015 — 12:04 PM

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Pramod Baviskar

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