Sunday, 26 January 2014

COPPER TREND FOR TODAY- 27-Jan-2014

Copper is in long- medium- term bull phase .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 on BUY Signal and Copper is recovering from oversold level For short term Copper is in HOLD SHORT position.Positionally Support for the Copper is 453-452-.Resistance for the Copper is 459-461-463-
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 462.0 with stop at 451.9 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 460 with a stop at 452.8 Below 451 go for sell and put stop at 458.2
Intraday Resistance of COPPER are 458.5 : 461 : 466.2 : 470.7 : 477.1 : 483.5 : 488.1 : 492.7
Intraday Support of COPPER are 452.5 : 450 : 444.9 : 440.5 : 434.4 : 428.4 : 424 : 419.8

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