Mcx Copper Report: 6th November 2019

Insignia Consultants

New Delhi

Wednesday, 06 November 2019

TIME 9:58 AM IST                         

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Mcx Copper Report: 6th November 2019

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Copper is rising on hopes of a US-China trade deal. Copper will crash to 431.90 if trade deal does not happen. Keep a close watch on news between US-China trade deal.

Copper November 2019:  (previous day close/CMP Rs.444.70)

Small sell off below: 442.90

Quick rise over: 445.60

1. Key resistance is at 445.60. Copper needs to break and trade over 445.60 to rise to 448.10 and 452.
2. Watch 445.60. Copper can move 5-6 either side from 445.60.

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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