Copper future technical analysis for 25 to 29 march 2019.

Copper future daily chart analysis

Copper future on Friday closed at 437.45 with loss. In this week we saw 1 up days and 4 down day for copper prices. Copper future after major breakdown below 454 rupee hit first bearish target of 438 rupee and now below 438 next level to watch will be 418 rupees. Daily chart indicators are bearish but oversold so traders here must keep strict stop loss for short positions.

Copper future weekly chart analysis

Mcx Copper future this week closed with loss. This was third losing week for copper future. On weekly chart copper prices are retracing back towards 433 levels after hitting 2019 investment target of 469 rupees.

From long term view, copper future below 433 will remain weak and sell and on downside 375 and then 340 rupees are long term bearish targets. If sustain above 433 then expect 469 and 525 rupee levels in longer terms.

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Copper future technical analysis for 14 to 18 January 2019.

Copper future daily chart technical analysis

Copper future on Friday closed at 415.9 with gain. In this week we saw 4 up days and 1 down day for copper prices. Copper future after major breakdown given swing low of 397 and hit 398 rupee bearish swing target of January expiry now prices moving towards resistance of 422 rupees. We already saw high of 421 rupee and recovery target also almost meet. If copper prices breakout above 422 then expect bullish trend and upside targets of 438 and then 463 rupees till then it is just bounce back move.

Copper future weekly chart technical analysis

Mcx Copper future this week closed with gain. This was first big bullish week for copper future after last 3 weeks continues selling and record low of 397 rupees. On weekly chart copper prices are in downtrend but indicators are oversold so expect recovery ahead.

From long term view, copper future below 433 will remain weak and sell and on downside 375 and then 340 rupees are long term bearish targets. But as prices are oversold and current recovery move can touch 433 to 435 levels on upside. Weekly closing above 433 means trend change and bullish targets of 470 and above.

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MCX Copper Hit 398 Sell TGT next level to watch 382 rupees

MCX Copper future analysis for 4th january 2019

• Copper future on last trading session closed at 399.4 with huge loss. my january series bearish swing targets were at 398 and then 382 rupees.

• mcx copper achieved 398 rupee sell target on 3 day on this month from highs of 412 rupees.

• now watch closely 398 for next breakdown and next bearish swing target of 382 rupees.

• copper is oversold so expect some bounce back, consolidation ahead.

• on upside 407 to 409 are strong resistances and fresh short sell levels with strict stop loss.

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Copper future technical analysis for the month of January and also long term investment forecast for year 2019.

Copper future daily chart technical analysis

Copper future on Friday closed at 417.3 with loss. On daily chart, Copper future is in downtrend and trading below short term averages with bearish sell signals on indicators and oscillators. For month of January, mcx copper future below 427 rupee resistance level will remain weak and sell on rise. On downside 405 and then 391 rupees are short term target zones. Expect tend reversal and upside for prices above 427 rupee level only.

Copper future weekly chart technical analysis

Mcx Copper future this week closed with loss. This was second weekly loss for copper prices and in these 2 weeks we saw high of 441 and low of 415 rupees and prices closed near lows. Copper is trading below major weekly averages with bearish and oversold indicators.

For 2019, my medium to long term view, on copper future is bearish and below 438 rupee will remain sell on rise. On downside 385 will be first target zone and below that next level to watch will be 350 rupees.

Copper future monthly chart technical analysis

Mcx Copper future in month of December closed with loss. This was third losing month for copper prices. In last 3 months, copper prices came down from 470 highs to low of 415 rupees. Means 55 rupee or almost 12% drop from the record highs. Here investors can expect lower levels of 385 to 350 rupees in year 2019.

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Copper future technical analysis for 24 to 28 December 2018.

Copper future daily chart technical analysis

Copper future on Friday closed at 417.35 with loss. On daily chart, Copper future is in downtrend and we saw breakdown below 437 rupee support and copper hit its first bearish swing target of 421 rupee and now below it next support as well as target zone will be 408 rupee and next bearish target also. Below 421 stay short with stop loss and keep sell target at 408 rupees. Daily chart indicators are oversold so expect bounce back ahead.

Copper future weekly chart technical analysis

Mcx Copper future this week closed with huge loss. This was first big bearish week for copper future and in this week we saw selling from 441 high to 416 rupees low means 25 rupee downside for prices in this week. On weekly chart copper future below 430 entered long term bearish trend and slowly inching towards 388 support as well as long term sell target.

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Copper future technical analysis for 17 to 21 December 2018.

Copper future daily chart technical analysis

Copper future on Friday closed at 441.3 flat. On daily chart, Copper future is in uptrend and hovering around major short term averages. On chart copper major support around 436 rupee if copper hold this levels then expect buy side targets of 450 and then 465. We already saw high near 447+ in this week. But on daily chart indicators are mixed but overbought so if prices breaks down below 436 then that will be fresh selling opportunity for targets 421 to 410 rupees.

Copper future weekly chart technical analysis

Mcx Copper future this week closed at 441.3 with gain. In last 3 weeks copper prices stuck in between 430 to 450 rupees. Copper future taken support around 429 rupees and bouncing back. Above 429 expect copper to remain strong but weekly chart indicators are bearish so if prices breaks below 429 then that will be medium term selling opportunity with stop loss for target 388 rupees and below.

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Copper future technical analysis for December 2018.

Copper future daily chart technical analysis

Copper future on Friday closed at 433.1 with loss. On daily chart, Copper future is in downtrend and we saw lower level up to 424 rupees. Now recovered and hit high up to 441. Mcx copper future trading below major averages but with bullish divergences as well as signals on indicators and oscillators. For month of December, mcx copper future major hurdle is around 437 and prices already started to move towards resistance. Traders here watch breakout move above 437 and then expect sharp short covering rally up to 450 to 465. But if copper fails to cross 437 rupee level then expect downtrend continuation and fresh selling up to 421 to 408 rupees.

Copper future weekly chart technical analysis

Mcx Copper future this week closed at 433 with gain. Copper future is hovering around 430 rupee long term support. On weekly chart copper is trading below major averages in a tight range with bearish indicators. From medium to long term view, 430 will be crucial level to watch, above it expect uptrend continuation and higher targets of 500+. But if slips below 430 and sustain then expect fresh sharp selling and bearish target up to 388 rupees.

Copper future monthly chart technical analysis

Mcx Copper future in month of November closed with loss. This was second losing month for copper prices. In last 2 months, copper prices came down from 470 highs to low of 424 rupees. Means 46 rupee or almost 10% drop from the record highs. On chart 430 is major long term make or break level. Above it keep long view while below it keep bearish and sell on rise copper trading strategy.

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Copper weekly: Hit 425 sell TGT, Next level to watch 412

Copper future technical analysis for 19 to 23 November 2018.

Copper future daily chart technical analysis

Copper future on Friday closed at 442.9 with gain. On daily chart, Copper future is in downtrend and we lower level up to 425 rupees in this week, which was its bearish swing target. Now recovered and heading towards 447 rupee resistance level. Copper future below 447 will remain weak and sell for Targets 425 and then possibly 412 rupee. If this bounce back move goes above 447 and sustain then expect reversal of trend and short covering rally up to 459 and above.

Mcx copper daily chart stochastic indicators is oversold and suggesting price recovery ahead while MACD made temporary bottom and suggesting upside for prices in next week.

Copper future weekly chart technical analysis

Mcx Copper future this week closed at 442.9 with gain. In last 3 weeks copper prices stuck in between 430 to 450 rupees. On weekly chart, copper future is looking weak and below 429 expect sharp fall in prices and expect targets around 388 and below in longer terms. On upside 450 to 470 will be major supply zone and hard to cross for the prices. If copper takes 470 with breakout then expect rally up to 505 rupees.

Mcx copper weekly chart, stochastics is above 50 but with bearish crossover and given sell signal around 465 while MACD is below zero and flat. 429 will be major make or break level for copper futures.

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