MCX Copper Report: 5th December 2018

Insignia Consultants

New Delhi

Wednesday, December 5, 2018

TIME 9:28 AM IST                       

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MCX COPPER REPORT

There can very sharp two way moves in all metals and energies today. Trade very carefully.

Copper February 2019:  (previous day close/CMP Rs.435.50)

Bullish over 438.20 with 443.10 and 448.60 as price target.

Bearish below 433.40 with 429.90 and 425.70 as price target.

Neutral Zone: 433.40-438.20

One Support: 433.40

One Resistance: 438.20

  • Small sell off will be there below 433.40
  • Crash will be there below 429.90.
  • Copper needs to trade over 438.20 to be in bullish zone zoom.
  • There can be very sharp two way moves.
Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. Website www.insigniaconsultants.in. Prepared by Chintan Karnani
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NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
UK session starts around 1:00 pm Indian Standard Time (+5:30 GMT)
US session starts at 6pm pm Indian Standard Time (+5:30 GMT)
PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
APPROPRIATE STOP LOSSES PER LOT IN INDIAN RUPEEES ON THE TRADING CALLS GIVEN IN THIS REPORTTHE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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