Monday, May 14, 2018

MCX COPPER (JUN) @ 465

Weekly Basis: - This counter at last trading session shown some weakness at mid of the week but after made low 449, it was immediate turn to positive mood and closed with some gain as well as near to high at Friday. As we mentioned in chart that it’s made double bottom in range of 425-423 and this chart breakout will active above 472 on closing basis for target 510-520 very soon. This week watch our major resistance levels 474.60 once close above this level its look bullish in future and below 455.40 on closing basis its look weak.  Big break outg likely. 

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