MCX COPPER
Charts updated for - 12th January 2015 to 16th January 2015.
- Commodity witnessed strong selling from 50 WMA as shown in chart no1, bears will be favored as long as commodities trades below.
- MCX copper also closed below its major trend line support zone, this indicates further price fall can be seen in coming days as long as it trades below.
- Even commodity major trend indicator "MACD" is moving -ve zone and other indicator "Stochastic Oscillator" is too moving in -ve zone this will favor bears.
- Visit this page daily for best free recommendations on Copper (MCX).
- Also see :- MCX Natural Gas Tips.
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