Copper is bearish for medium-long term.Currently Copper is showing some
down move and trend is strong momentum is also showing strength and supported
with good volume The open interest is not increasing with trend . Caution note
selling at lower levels seems decreasing. The oscillator is showing SELL signal
For short term Copper is in SELL position.Positionally
Support for the Copper is 402-398-.Resistance for the Copper is 412-413-416-
Short
term and Intraday Level of COPPER
Currently
Copper is in HOLD SHORT position Copper has formed a new 5 day low
yesterday but failed to keep the trend so if selling has to considered better
below403.2 Buy if above 421.45 The Copper is now trading in highly oversold
level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 411.8 with a stop at 404.9 Below 403.2 go for sell
Intraday Resistance of COPPER are 411 : 413.9 : 417.7 : 421.9 : 427.9 : 434 : 438.3 : 442.7
Intraday Support of COPPER are 404 : 401.1 : 397.5 : 393.3 : 387.6 : 381.8 : 377.8 : 373.8
Intraday Trend- Buy is advised above 411.8 with a stop at 404.9 Below 403.2 go for sell
Intraday Resistance of COPPER are 411 : 413.9 : 417.7 : 421.9 : 427.9 : 434 : 438.3 : 442.7
Intraday Support of COPPER are 404 : 401.1 : 397.5 : 393.3 : 387.6 : 381.8 : 377.8 : 373.8
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