Commodity call ( Copper )
A good day for our mcx tips subscribers today, look what call we given them in copper today. We asked them to sell this major base metal. It crashed and our subscribers exited at our target. Here is our call which we gave to our subscribers.
Sell mcx copper future 371 SL 373 Target 369
watch exact low made by copper, our commodity call target achieved. We made nearly 2000 Indian rupees in this trade.
Currently its trading at 370, A good base on this major base metal stands at 364, If traders take this out and manage to sustain trade below our support. Then expect more pressure upto 360- 355 today.
A good hurdle on this major base metal stands at 376, If traders take this hurdle out and manage to sustain trade above our resistance. Then expect more firepower in this major commodity upto 382- 390.
Currently trend is weak for copper. Avoid major buy in this major base metal.
Even Zinc, Lead and aluminium are looking weak. Avoid buy in all base metals for now. Nickel is looking positive but still all metals are weak so avoid in nickel too. A good hurdle in nickel stands at 845, If traders take this hurdle out and manage to sustain trade above our resistance. Then expect more firepower in nickel upto 890- 930 in upcoming days.
A good base on nickel stands at 790, If traders take this base out and manage to sustain trade below our support. Then expect more pressure in nickel price upto 740- 700 in upcoming days.
Currently nickel trend is flat to positive but stay cautious as other metals are in down trend.
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