Enhance your MCX copper trading skills with Moneymunch’s free copper trading tips and market analysis. Stay updated on the latest commodity market trends and make profitable trades.
Did you trade MCX Copper Wave Setup?
Click here: Long-Term View: IS MCX Copper Preparing For A Take-Off?
BEFORE
Sub-wave c of wave (2) of wave ((4)) occurred at 689.5. If the price breaks out wave B at 756, traders can trade for the following targets: 800 – 840 – 877+.
AFTER
Did you trade MCX Copper Wave Setup?
Click here: Long-Term View: IS MCX Copper Preparing For A Take-Off?
BEFORE
Sub-wave c of wave (2) of wave ((4)) occurred at 689.5. If the price breaks out wave B at 756, traders can trade for the following targets: 800 – 840 – 877+.
AFTER
Have you Traded our wave analysis on MCX COPPER?
Visit here: MCX Copper: Trend Forecasting Using Elliott Wave analysis
BEFORE
We have written clearly,”If the price remains above the B wave at 785, traders can consider trading towards the targets of 791- 809 – 821+.“
AFTER
Look at the above weekly chart of MCX Copper. It has created an ascending channel pattern without breakout. This channel started in the previous year’s April month. At present, it’s falling after making a tail. But how much it can go down? Copper may fall more from here, and that can be up to 728 – 710.6 levels.
But overall, it’s on an uptrend. So, soon it will start marching for the following levels:
760 – 780 – 800 – 820 – 840+
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LONG-TERM INVESTORS:
Copper has broken March 2020 resistance trend line, and true resistance breakout is a clear signal to buy. Target prices for long-term traders: 760 – 800+
INTRADAY TRADERS:
But at present, MCX copper can pull back to the previous resistance line to continue an uptrend. So, intraday traders can sell for the following targets: 690 – 680 – 676
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