Monday, 25 January 2016

Base Metals Market Trading News for Today

On hourly chart of MCX COPPER. Technically, it suggests that prices are trading above the trend line support on hourly chart at 298 levels. Hence it is expected to resume its uptrend journey which is likely to raise upto 313 levels. Moreover prices are trading above 25 DEMA on hourly chart. The momentum indicator, RSI is expected to remain in given define range of 30 – 70 levels. For now we expect prices to move higher towards 313 levels in few trading sessions.

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