MCX Copper Report : 6th September 2019

Insignia Consultants

New Delhi

Friday, 06 September 2019

TIME 9:05 AM IST                         

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MCX COPPER REPORT

Copper has had a tremendous week. If copper rises today and on Monday, then chances of 473.70 and 493.20 by next week will be very high before end September. Big two trading sessions ahead for copper.

Copper September 2019:  (previous day close/CMP Rs.453.20)

1. Key resistance is at 459.90. Copper needs to break and trade over 459.80 to rise to 464.10 and 473.70.
2. Sell off will be there only below 450.30.
3. Key short term support is at 444.50.

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. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading. Websitewww.insigniaconsultants.in. Prepared by Chintan Karnani

Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.

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NOTES TO THE ABOVE REPORT

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