Copper is bearish for medium-long term .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 . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Copper is in SELL position.Positionally Immediate support for Copper is 431.Resistance for the Copper is 450-451-452-453-456-463-
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 443.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 444.85 but caution- close Below low5 fresh selling can occur The Copper is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 438.5 with a stop at 429.9 Below 427.6 go for sell
Intraday Resistance of COPPER are 437.4 : 441 : 447.9 : 454.1 : 460.3 : 464.8 : 469.3
Intraday Support of COPPER are 428.7 : 425.1 : 418.4 : 412.5 : 406.6 : 402.4 : 398.2
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