Mcx Copper Report : 18th December 2018

Insignia Consultants

New Delhi

Tuesday, December 18, 2018

TIME 8:40 AM IST                   

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MCX COPPER REPORT

Copper will break free from 425-450 wider trading range and form a new range anytime. Key long term support for copper is at 422. Copper needs to trade over 422 for the rest of the month to be in a long term bullish zone.

Copper February 2019:  (previous day close/CMP Rs.438.80)

Bullish over 438.50 with 446.80 and 450.60 as price target.

Bearish below 434.90 with 431.40 and 428.20 as price target.

Neutral Zone: 434.90-438.50

One Support: 434.90

One Resistance: 441.70

o      Small sell off will be there below 438.50

o      Crash will be there below 434.90.

o      Corrections upto 428.20 are a part of the long term bull trend.

o      Copper needs to trade over 440-441 zone today to rise or be in bullish zone.

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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