Copper is bearish for medium-long term .Currently Copper is in strong
downtrend with good momentum but volume is unsatisfactory The open interest is
not increasing with trend . In last few days volume based selling happened in
the Copper Noting point is selling at lower levels seems decreasing. The
oscillator is showing SELL signal For short term Copper is in SELL position.Positionally
Support for the Copper is 401-399-.Resistance for the Copper is
411-414-415-416-
Short
term and Intraday Level of COPPER
Currently
Copper is in HOLD
SHORT position
The Copper is in downtrend For short term buy only if close above 412.0 The
Copper is now trading in highly oversold level. The oscillator is showing BUY
signal
Intraday Trend- Buy is advised only above 412.3 with a stop at 405.4 Below 403.7 go for sell and put stop at 410.5
Intraday Resistance of COPPER are 408.6 : 409.1 : 418.1 : 422.4 : 428.4 : 434.5 : 438.8 : 443.2
Intraday Support of COPPER are 407.3 : 406.8 : 397.9 : 393.8 : 388 : 382.3 : 378.2 : 374.2
Intraday Trend- Buy is advised only above 412.3 with a stop at 405.4 Below 403.7 go for sell and put stop at 410.5
Intraday Resistance of COPPER are 408.6 : 409.1 : 418.1 : 422.4 : 428.4 : 434.5 : 438.8 : 443.2
Intraday Support of COPPER are 407.3 : 406.8 : 397.9 : 393.8 : 388 : 382.3 : 378.2 : 374.2
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