Trend updated for-Jan/06/2014.CMP-392 Overall trend of the Copper is bearish for medium-long term.
Currently Copper is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Copper is in SELL position and closed below 3 week low with volume signals downbreakout.Positionally Immediate support for Copper is 387.Resistance for the Copper is 403-405-410-412-416-
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