Navigation
”crude

Copper heading for a breather

MCX Copper has fallen sharply in the last few months. However, the fall has halted at a level from where it had reversed in the recent past. Along with that copper has taken support near a medium-term rising trendline. Thus, the red metal looks poised for a short-term bounce. The daily momentum indicator is recovering from an oversold territory. Unless the swing low of 401.45 is broken, copper can move up till 420 (the 40- daily exponential moving average) and 425 (the daily upper-Bollinger-Band).
Share

Shubhlaxmi

Shubhlaxmi Commodity is a Free portal where you are provided all market such as Commodity stocks futures and Currency Like USD To INR and internatinol live market prices and live charts and Free support and resistance level

Post A Comment: