Thursday, 23 January 2014

Copper TREND FOR TODAY- 24-Jan-2014

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 .. The oscillator is showing BUY signal For short term Copper is in SELL position and Copper closed below 1 week low with volume signals down breakout.Positionally Support for the Copper is 451-.Resistance for the Copper is 457-459-461-464-
Short term and Intraday Level of COPPER
Copper and closed below 1 week low with volume signals down breakoutCurrently Copper is in HOLD SHORT position Copper is moving sideways so short term investor better to buy only above 462.0 or hold with stop at 451.9 The Copper is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 458.3 with a stop at 451.1 Below 449.3 go for sell
Intraday Resistance of COPPER are 457.4 : 460.3 : 464.5 : 469 : 475.4 : 481.7 : 486.3 : 490.9
Intraday Support of COPPER are 450.2 : 447.3 : 443.2 : 438.8 : 432.7 : 426.7 : 422.4 : 418.1

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