Thursday, 30 January 2014

COPPER TREND FOR TODAY- 31-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 444.Resistance for the Copper is 456-458-462-
Short term and Intraday Level of COPPER
Currently Copper is in SELL position Copper has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below442.1 Buy if above 460.75 The Copper is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 452.1 with a stop at 444.1 Below 442.1 go for sell
Intraday Resistance of COPPER are 451.2 : 454.6 : 462.1 : 468.4 : 474.8 : 479.3 : 483.9
Intraday Support of COPPER are 442.9 : 439.5 : 432.2 : 426.2 : 420.2 : 415.9 : 411.7

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