MCX Copper August is expected to take correction

Mcx Copper August is expected to take correction in coming days, where market gave a rally from 331 levels to a high of 369.20. RSI is above 70 levle is indicating an overbought market. Market can fall towards the low of 360.40 and on the break of it can touch next level of 355 and 350.50. If market sustains below 350.50 then only further down fall can be seen. Short term strong resistance is seen near 376.70, on the break of it can test next level of 393 and 416.70



Recommendation - MCX Copper August : Sell at 368-369 Target 362 and 357 Stop Loss at 377