Tuesday, 25 February 2014

COPPER TREND FOR TODAY- 26-Feb-2014

Copper is bearish for medium-long term .Currently Copper is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Immediate support for Copper is 439.Resistance for the Copper is 448-450-454-457-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position The Copper is in downtrend For short term buy only if close above 449.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 448.4 with a stop at 442.2 Below 440.7 go for sell
Intraday Resistance of COPPER are 447.5 : 450 : 455.2 : 459.6 : 465.9 : 472.2 : 476.7 : 481.3
Intraday Support of COPPER are 441.6 : 439.1 : 434.1 : 429.7 : 423.7 : 417.7 : 413.5 : 409.3

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