Can we make long positions in MCX Copper (June) in the range 235-236?
Asked By SURJEET SINGH - Metals
Can we make long positions in MCX Copper (June) in the range 235-236 looking for a target of around 242-244?
Answers (4)
COPPER IS TRENDING IN RANGE. IF U ENTER LONG KEEP STRICT SL OF 235 FOR YOUR LONG N EXIT AT 242 LVLS. AS WE SEE RES AT HIGHER LVLS. BREAK BLW 235 WILL BRING BEARS. ALTERNATE U CAN SELL BLW 235 SL 238.50 TGT 231.80 228 LVL. COPPER OVERALL TREND IS RANGED TO BEARISH. HAPPY TRAIDNG. COMMOTRENDZ r_jeyakishore@yahoo.com
One Can Make Long Position @236 with Strict Stop Loss of 234.8 for the Target of 242& 245 Level.
236-237 is the Resistence zone of Copper, and if u want to make long position then u must Create 233-234 level with Stoploss of 229.75.
yes u can buy the copper in this level with stop loss 232 for the tgt 242-245 and over all trend is bullish.every declining level is buying levl in copper