MCX Copper Nov Technical View : 09.09.2016

MCX Copper Nov  Technical View : 09.09.2016

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MCX Copper prices have witnessed breakout of its Inverted Head & Shoulder pattern at 313.80 levels on hourly chart. In addition, COMEX Copper is trading in a rectangle formation in hourly time frame. Moreover, Counter is trading above its 50 HEMA which indicates strength head
on hourly chart. On the other  hand, momentum indicator RSI is hovering near 50 levels on hourly chart. For now we expect prices to move higher towards 320.50 levels in coming trading sessions.

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