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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