Wednesday, 8 January 2014

COPPER TREND FOR TODAY-08-Jan-2014

Copper is in long- medium- short-medium- term bull phase .Currently Copper is moving sideways The oscillator is on SELL signal and Copper is coming down from overbought level .In last 1 month volatality is very less and fresh Buy can be considered in the Copper if it close above476 or buy with strict stop at 454. The oscillator is on SELL signal and Copper is coming down from overbought level For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 458-457-451-.Resistance for the Copper is 470-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position Copper is in sideways so for short term better buy above 474.4 with stop at 462.9 The Copper is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 468.3 with a stop at 463.4 Below 462.4 go for sell
Intraday Resistance of COPPER are 467.4 : 469.1 : 476.2 : 480.7 : 487.2 : 493.6 : 498.3 : 502.9
Intraday Support of COPPER are 463.3 : 461.6 : 454.6 : 450.2 : 444 : 437.9 : 433.6 : 429.2

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