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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