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In MCX Copper as long as prices stay below 427 prolonged selling pressure is favored towards 422/417 or even more. A direct rise above 429 could signal mild positive bias but prices needs to be close above 436 to dent our bearish expectations. Now mcx copper has a reistance level 426 and a support level of 413. Technically it is looking bullish in nearterm so it will be a treat to buy MCX Copper Apr on its current levels.
MCX Commodity Tips For Today
MCX Gold June:
Sell MCX Gold below 28300 levels with a stoploss of 28400, Target: 28100.
MCX Silver May:
Sell MCX Silver below 55800 levels with a stoploss of 56500, Target: 54900.
MCX Crude April:
Buy MCX Crude around 5,240 levels with a stoploss of 5200, Target: 5350.
MCX Natural Gas April:
Buy Natural Gas around 107.50 with a stoploss of 106.40, Target: 110.
MCX Copper April:
Buy MCX Copper around 418 with a stoploss of 414, Target: 424.
MCX Nickel April:
Sell MCX Nickel around 927 with a stoploss of 935, Target: 915.
MCX Lead April:
Sell MCX Lead around 104.50 with a stoploss of 105.50, Target: 103.50.
MCX Zinc April:
Sell MCX Zinc around 103 with a stoploss of 104, Target: 101.50.
