MTECHTIPS MCX COPPER SELL AT 423 STOPLOSS 428 TGT 415 TGT - TopicsExpress

MTECHTIPS MCX COPPER SELL AT 423 STOPLOSS 428 TGT 415 TGT 411 MTECHTIPS MCX COPPER intraday trading analysis 10-03-2014 MCX Copper future on last trading session tumbled almost by 4% and closed at 421. On daily chart, copper future is in absolute downtrend but prices are now in oversold zones. For next week, mcx copper future resistance levels are 432 and 444 while on downside 418 and 410 are strong support levels. Major indicators are bearish but heavily oversold state. Below 434 use major bounce back, to go short for downside targets. As prices are oversold, state we may see sharp bounce back or high volatile action in prices. WWW.MTECHTIPS.COM 07489294118-119

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