How to trade copper for coming days

Today copper February contract on mcx has broken its resistance of 402 and confirmed a short term bullish breakout with an inverse head and shoulder pattern. MACD above 0 lines with bullish crossover supporting our bullish view. Retest of previous resistance can’t be ruled out but copper has defined 378 as very strong support and buying around 390-395 area would be a good trade decision with stop loss of 378 on daily closing basis for expected targets around 430-445-465 in midterm. In case of any type of trend change we will update you buying around said price range will be good entry. Or u can accumulate with small quantity till said stop loss price but best buying zone is 395-390 or below this range only.

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