COMEX Copper futures continues to face selling pressure around five week highs as the daily charts showed a heavy resistance coming in at upper Bollinger Bands. The counter currently trades at Rs 663 per kg mark. A critical upside level is placed around Rs 680 mark in the form of 50 day exponential moving average. The overall trend remains mixed as RSI 14 is placed at a neutral mark of 55. The counter is likely to trade in a range of Rs 680-640 in near term and a break under the previous weeks closing level of Rs 655.85 could trigger a flood of fresh shorts.Powered by Commodity Insights
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.