In the commodity MCX daily chart copper fails to close above the short and medium term moving averages suggesting bearishness in the trend.
In MCX 4 hourly commodity chart trend reversal chart pattern is witnessed suggesting bearishness in the commodity copper trend.
LME copper is trading at 9410 (-68) suggesting down side opening in the Indian market also. Overall we expect copper to remain lower for the day and suggest selling.
Copper MCX: Sell April at 426-27 TP 421 SL 429.70