MCX Copper has recently witnessed a sharp pullback after it tested downward sloping trend channel S1 near Rs.368 level as shown above. The price has now moved above its resistance line show by dotted line (R1) and has settled well above the same since last 1 month. Flat candle after the two consecutive weekly positive in the commodity suggested that prior up move will continue to resume and copper price can see further firmness.

The 14-period RSI is currently holding above the support line just below the 50 mark and is pointing higher indicating positive momentum for the price.
Hence, it is advisable to go long on MCX Copper for this week for the target of Rs.432 on the upside.
The 14-period RSI is currently holding above the support line just below the 50 mark and is pointing higher indicating positive momentum for the price.
Hence, it is advisable to go long on MCX Copper for this week for the target of Rs.432 on the upside.