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Sachinn_Sangani

Copper Futures Weekly Chart : Bullish Momentum to continue

Long
Copper Futures (MCX:COPPER1!)  
Sachinn_Sangani Updated   
MCX:COPPER1!   Copper Futures
Trend Analysis Technical Indicators
2
0
trendanalysis indicator
Copper Futures Current price Rs. 532.70, rising channel , bullish ichimoku set up, RSI at 78,ADX at 36.5,copper should continue it's rise and move up after consolidation between Rs.523- Rs.533 levels , we should see new highs towards Rs. 540-Rs-550 if stiff resistance at Rs. 534.40 is taken off with good volumes.strong support at Rs.512 if broken we may see bearish levels.
Trade closed: target reached:
It went above 539 , did not exactly touch 540 , none the less good learning.
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