NIKI MS 1.1 shows downtrend in copper 5 min chart.
Daily basis close above 475 will only make it bullish. Or it may hover between Demand and Supply Zone.
Hi, Copper MCX Resistance level.. 1.272 SELL. 1ST TARGET 448.1 2ND TARGET 445.8 STOP LOSS 460.
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Hi, Buy above 460 Sell below 427 Which side Trend line(support and resistance) is break, possible take entry that side.. Thanks.
ENTRY 441.4 TARGET 445 STOPLOSS 438.5
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This is the Buy and sell level. When price beak this Buy/Sell level please check the divorgen.
COPPER AFTER HAVING SUFFERED WATER FALL SLIDE HAS BROKEN THE PENDANT PATTERN IN DAILY & HOURLY CHARTS PROGNOSIS IS THAT IT MAY TEST THE NEAR BOTTOM OF 2.0
complete loss of demand after upthrust, this was essentially a redistribution and currently in markdown will retest broken down levels before resuming downtrend.. also watchout for a upthrust to 2.6070 test and then accelerate breakdown..
SORRY for posting late...entry was queiy below near bottom...but still u can make good money..any dip buy it..and hold until u get a good amount.
Copper looking bullish and long can be considered above 2.7900
Copper prices are diverged from RSI. Price action is loosing momentum. Which increases the risk of buyers selling in frustration.