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Below the Quote on Copper - "Copper bulls are back"  by Tejas Anil Shigrekar, Commodities and Currencies Senior Technical Analyst, Angel One Ltd

Copper, a highly volatile and liquid metal, looks appealing to traders after undergoing a sustained fall over the last month.

Copper has stayed sideways to negative over the last month, with 790-810 critical levels. Prices retreated significantly from these higher levels, reaching a low of 692.95 in the June contract.

Looking at the Technical forecast in the short term, prices are anticipated to rise as the metal is indicating bullish signals. The initial immediate resistance is at 723 (20 EMA). At the lower levels, the price has formed a Bullish Harami candlestick pattern on the daily chart. The RSI (14) is above 30, indicating that it has exited the oversold zone and begun generating a positive divergence.

Short-term bullish momentum would be bolstered if prices broke through the 723 level, the 20 (EMA) barrier. Furthermore, the next resistance level is located at 728, which, if crossed, allows buyers to look at target levels of 745

BUY MCX COPPER AT 705-700 SL 688 TGT 728 -745

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