Wednesday, 19 February 2014

COPPER TREND FOR TODAY- 20-Feb-2014

Copper is bearish for medium-long term .Currently Copper is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Copper if it close above456 or buy with strict stop at 439. The oscillator is showing BUY signal For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 448-444-443-.Resistance for the Copper is 454-455-458-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD LONG position The Copper was in uptrend but yesterday market closed in confusion so better hold with tight stop at 448 If trades and sustain below 450.05 be alert The Copper is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend-The Copper closed in a confusion manner So buy for intraday only above 454 with a stop at 449.6 If opens below 449.6 or trade below 448.8 be cautious or go for sell with stop at 453.2
Intraday Resistance of COPPER are 453.1 : 454.6 : 462.1 : 466.6 : 472.9 : 479.3 : 483.8 : 488.4
Intraday Support of COPPER are 449.7 : 448.2 : 440.8 : 436.5 : 430.4 : 424.4 : 420.1 : 415.8
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