Friday 15 November 2013

COPPER TREND FOR TODAY-16-Nov-2013

 

Copper is bearish for medium-long term .Currently Copper is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Copper is in HOLD SHORT position.Positionally Immediate support for Copper is 437.Resistance for the Copper is 452-453-456-463-

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 448.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 443.8 with a stop at 439.2 Below 438.3 go for sell
Intraday Resistance of COPPER are 442.9 : 444.5 : 451.6 : 456 : 462.3 : 468.6 : 473.1 : 477.6
Intraday Support of COPPER are 439.2 : 437.6 : 430.6 : 426.3 : 420.3 : 414.3 : 410.1 : 405.9

 

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