Copper MCX: We're currently witnessing Copper in a range-bound movement, specifically within the 695-720 range. This zone doesn't offer a clear trading opportunity as of now.
To avoid potential traps, it's crucial to wait for a breakout and a sustained move beyond this range before considering any trade. Breakouts often signal a change in market sentiment, so patience is key.
For those who prefer more aggressive setups, there's a slightly riskier approach: consider selling near 720 and buying near 695. This approach carries a lower risk, but remember to manage your trades cautiously. Stay informed and trade smart!
To avoid potential traps, it's crucial to wait for a breakout and a sustained move beyond this range before considering any trade. Breakouts often signal a change in market sentiment, so patience is key.
For those who prefer more aggressive setups, there's a slightly riskier approach: consider selling near 720 and buying near 695. This approach carries a lower risk, but remember to manage your trades cautiously. Stay informed and trade smart!
Comment:
Update: Copper MCX has broken the lower trend line and successfully retested it, creating a potential shorting opportunity Below 706.
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Copper has been performing admirably, having reached 702 units since our last update.
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Copper has shown impressive performance, reaching 697 till now.
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We thought copper would be a good buy around 695, and it dropped to 696 before bouncing back to 712 or more. I hope our analysis was helpful.
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Copper continues to impress! Initially presenting a buying opportunity as per our original plan, it now offers an incredible selling chance near 720, aligning with our strategic approach. Our analysis indicates promising performance even within the range. Stay tuned for more updates on this dynamic market scenario.