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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