Copper is bearish for medium-long term .Currently Copper is showing some up move after small correction and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 448-445-444-441-.Resistance for the Copper is 456-460-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position Copper is moving sideways so short term investor better to buy if close above 452.95 closing below 441.9 Sell will happen. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 456.7 with a stop at 448.2 Below 445.9 go for sell and put stop at 454.5
Intraday Resistance of COPPER are 455.8 : 459.5 : 466.5 : 472.8 : 479.2 : 483.7 : 488.3
Intraday Support of COPPER are 446.8 : 443.1 : 436.4 : 430.3 : 424.3 : 420 : 415.7
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ReplyDeleteToday’s most accurate tip for commodity
ReplyDeleteCOPPER (28 FEB.) TREND: CONSOLIDATE
RES 1: 451
RES 2: 454
SUPP 1: 443
SUPP 2: 440
STRATEGY: SELL ON HIGH
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