MCX:COPPER1!   Copper Futures
The pullback in copper ended up being a three wave rise wherein it retraced slightly more than 61.8% retracement in international copper chart of wave Y.
This opens up the possibility of one more leg to the down move in the form of wave Z.

Overall look
Retracement levels in copper international chart
MCX chart retracement
Weekly macd bearish
Daily macd below zero line and down tick
Rsi in Weekly down tick
Rsi in daily down tick
Dmi adx also Negative
Below middle bollinger band


Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing


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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
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