31/12//2018, 08.30 pm IST
copper hourly
As shown in the copper hourly chart, price is trying to breach support line from past low on downside. If sustain below black support line, there is a chance to earn money shorting copper for short term little profit. 2.658 is price where support exists. On MCX Feb 28 contract, it may come around 411 rupees. Currently price is struggling at this point. Price spent last five days in a narrow priceband for consolidation. Watch carefully and short it , if sustained below black S line. Jay Shriram.
Update 1, 08.58 pm IST
copper hourly
As mentioned earlier, this is short term trade for little profit. My short position is carrying little profit. So I m using trailing sl system to protect my profits. Jay Shriram
Update 2, 12.50 pm IST
copper hourly
Booked full profit & exited the trade. On MCX India, today low of Feb contract is Rs 406.80 & CMP is 408 rupees. So guys, we r in good profits because we take the short trade around Rs 411. Book the whole profit & enjoy saying Jay Shriram.
