Expect Copper to trade with negative bias: Sharekhan

Sharekhan has come out with its report on Copper. According to the research firm, it is expected to trade with a negative bias going forward for targets of 414 on the downside.

Copper: Bearish setup Copper has been witnessing a sharp correction after the pullback rally. In the last trading session, it made a lower low, indicating the selling pressure in the metal shall continue going ahead. We expect copper to trade with a negative bias going forward for targets of 414 on the downside. The momentum indicators have triggered a negative crossover, which indicates a bearish bias and supports our bearish view on the metal. The reversal of the view is above 444.5. Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. To read the full report click on the attachment