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 .. The oscillator is showing SELL signal For short term Copper is in SELL position.Positionally Immediate support for Copper is 427.Resistance for the Copper is 449-450-454-463-
Short term and Intraday Level of COPPER
Copper closed above 1 week high with volume signals up breakoutCurrently Copper is in HOLD SHORT position Copper is in sideways and sellers was at high so for short term better buy above 450.6 or hold with stop at 428.85 The next resistance will be at 445.25 The Copper is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 450.6 with a stop at 441.2 Below 438.7 go for sell and put stop at 448
Intraday Resistance of COPPER are 449.4 : 453.3 : 459.7 : 465.9 : 472.3 : 476.8 : 481.3
Intraday Support of COPPER are 439.8 : 435.9 : 429.8 : 423.8 : 417.8 : 413.5 : 409.3
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