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Copper - Jan 15, 2021 - Reliance Securities

Posted On: 2021-01-15 05:31:49 (Time Zone: Arizona, USA)


Ms. Neha Qureshi, Technical Research Analyst at Reliance Securities

LME Copper is trading on flat note where above $8000 will continue its positive momentum up to $8135-$8199 levels. Support is at $7980-$7965 levels.

MCX Copper January holds a support at 607 levels which is also a 21-Daily Moving Average. Therefore indicating for positive momentum up to 612-615. Support is at 608-606 levels.

*Strategy for Copper January Buy 609-608.50 Stoploss 606 Target 614 Conditions apply*

Disclaimer: The recommendations, if any, made herein are expression of views and/or opinions and should not be deemed or construed to be neither advice for the purpose of purchase or sale of any security, derivatives or any other security through RSL nor any solicitation or offering of any investment /trading opportunity on behalf of the issuer(s) of the respective security(ies) referred to herein. These information / opinions / views are not meant to serve as a professional investment guide for the readers. No action is solicited based upon the information provided herein. Recipients should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice and arrive at an informed trading/investment decision before executing any trades or making any investments. While due care has been taken to ensure that the disclosures and opinions given are fair and reasonable, none of the directors, employees, affiliates or representatives of RSL shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way whatsoever from the information / opinions / views contained herein.


Source: Equity Bulls

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