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Micro Copper FuturesMicro Copper FuturesMicro Copper Futures

Micro Copper Futures

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Is copper momentary negative but long term fundamental buy?Copper prices have been rising in the past two weeks as producers chile flagged supply risks. 1. Souring heat wave in west seek demand for energy generation 2. The demand in electric vehicle adoption would likely to grow despite risk of economic slowdown. To add fuel to the fire, The largest miner of copper Chile posted a 1.5 percent YoY fall in Industrial production data in June of 2022, following a downwardly revised 1.7 percent rise in the prior month. The main drags on the industrial sector were mining and quarrying activities (-2.1 percent vs -0.3 percent in May)
MCX:COPPER1!Long
by CA_Chetanbhasin
2
Copper levels for 19-4-2022Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If you follow diagonal trendlines you can take entry and exit easily. (Color code (only for diagonal trendlines ): green - bullish , red - bearish , black & violet reversal points). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help. Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. It is all your own risk.
MCX:COPPER1!Long
by Elango-ragavan