The daily price chart of MCX Copper futures suggest that prices are trading weak as they have broken below 55 and 200 DMAs. The daily MACD has triggered fresh sell signal. We expect a short term decline for targets of 400 / 397 levels in the short term. We recommend sell in the range of 409-411 levels with a stop loss placed above 416.50 levels for targets of 400 levels.
MCX Copper Intraday Technical Levels :
Resistance : 415 || 418
Support : 407 || 404
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