Copper is in long- medium- term bull phase .Currently Copper is in
strong downtrend with good momentum and the trend is supported with good volume
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 449-436-430-.Resistance for the Copper is
477-479-481-
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 467.0 The Copper is now trading in highly oversold level. The oscillator
is showing BUY signal
Intraday Trend- Buy is advised above 462 with a stop at 453.2 Below 450.8 go for sell
Intraday Resistance of COPPER are 461.1 : 464.9 : 471.7 : 478 : 484.4 : 489 : 493.6
Intraday Support of COPPER are 451.7 : 447.9 : 441.4 : 435.3 : 429.2 : 424.9 : 420.6
Intraday Trend- Buy is advised above 462 with a stop at 453.2 Below 450.8 go for sell
Intraday Resistance of COPPER are 461.1 : 464.9 : 471.7 : 478 : 484.4 : 489 : 493.6
Intraday Support of COPPER are 451.7 : 447.9 : 441.4 : 435.3 : 429.2 : 424.9 : 420.6
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