Copper movement for this month

Sooner or later copper will be falling down drastically since the usage of this brown metal is getting low. Telecom industries are heavily using fiber and spectrum instead of copper wire. Solar and other renewable energy sources reducing the usage of this metal. But still most of the Electrical appliances, Large scale electrical storage systems are heavily using it. This will be never evaporated.

Currently the movement of Copper is between 350 to 390 for the past six months. Overall trend for this metal is bearish and touch the least point 350 in few days. If it takes U-turn and sustain the bullish for 3 days, It will never go further down.

Please  be very cautious on Intraday trading. Its really  hard to predict which way it will go. But take SELL Position always for few days

 

 

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