Copper - Jan 5, 2021 - Reliance Securities

Ms. Neha Qureshi, Technical Research Analyst at Reliance Securities

LME Copper is holding well above the 21-Daily Moving Average which is placed at 7910 levels above which will continue its positive momentum up to $8035-$8070 levels. Support is at $7970-$7945 levels.

MCX Copper January holds a support at 607 levels which is also a 21-Daily Moving Average from where a bounced back can be expected. Therefore indicating for positive momentum up to 611-615. Support is at 608-605 levels

*Strategy for Copper January Buy 608-607.50 Stoploss 606 Target 613 Conditions apply*

Source : Equity Bulls

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