MCX Copper technical chart updated for 16th May 2018

copper logoMCX COPPER
MCX Copper technical chart updated for 16th May 2018

MCX Copper finding strong trend line resistance at current levels.

From last three days Copper failed to close above its trend line resistance, its a sign of caution.

Further bulls action can only be seen once MCX copper closes and holds above 468. Intraday we can see some bullish action once copper holds above 468.