MCX Copper has been performing so for last few trading sessions and now the trend is likely to face a bit lower dip towards 427-424 for short term. A trade below 430 can put copper in pressure to show some mild correction. But major sell off can be seen only below 417 levels. But if copper manages to cross 438 mark, a rally towards 442-445 can bee seen soon.
Intraday Traders can adopt strategy to buy on dips in copper and should wait for lower levels to initiate new buying.
Intraday Traders can adopt strategy to buy on dips in copper and should wait for lower levels to initiate new buying.
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