MCX Copper August: Expect Higher Range To Be Tested

Report for Date: 30/06/2016

MCX Copper August: Expect Higher Range To Be Tested

MCX COPPER (Price figures below are in Rs/INR per Kg)

Traders long can maintain the stop loss at 321.

Expect higher range of 331-334 to be tested.

Further rally can continue if close is above 332.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	330.00	320.41	UP	317.2	20.06	325	328	329	331	334

*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close	Price G/L%	Volume	V -G/L%	Open Interest	OI -G/L %	Candle	Position
330.0	0.1	14716000	42.3	8984	49.0	Positive	Addition Long

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	View Full Image
Read Disclaimer

Rate this story Rated 0.0

Post comment
Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment