The commodity market future prices for Copper traded completely higher on yesterday’s trading sessions by continuing the previous trend. It made a low of 403.5 then high of 414.8 and settled higher at 412.9.
The MCX Close of the candle shows upside potential for the day. The MCX Copper Prices are showing resistance at 414 levels and on breach of this levels made copper MCX sustains above and it lead to further price highs. The commodity Prices have breached the resistance at 414.5 levels.
We expect that from Copper MCX price would sustain higher trade and the RSI 14 Daily is trading at 0.516 levels and suggesting upside potential. The Copper MCX Future calls and Tips as follows:
Copper MCX: Buy June at 411.5 TP 415/17 SL 408