Tuesday, 28 January 2014

COPPER TREND FOR TODAY- 29-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 SELL signal For short term Copper is in SELLposition.Positionally Immediate support for Copper is 450.Resistance for the Copper is 456-457-458-459-463-
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 only above 461.55 with stop at 451.9 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 457.8 with a stop at 450.2 Below 448.2 go for sell
Intraday Resistance of COPPER are 456.6 : 459.5 : 463.7 : 468.2 : 474.5 : 480.9 : 485.5 : 490.1
Intraday Support of COPPER are 449.4 : 446.5 : 442.4 : 438.1 : 432 : 425.9 : 421.6 : 417.4
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