Copper is in long- medium- term bull phase .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 . Noting point is 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 407-401-400-.Resistance for the Copper is
413-414-415-
Short
term and Intraday Level of COPPER
Currently
Copper is in HOLD LONG position Copper is moving sideways so short term
investor better to buy only above 417.25 with stop at 405.35 The Copper is now
trading is approaching oversold level. The oscillator is on BUY Signal and
Copper is recovering from oversold level
Intraday Trend- Buy is advised above 413.2 with a stop at 408.2 Below 407 go for sell
Intraday Resistance of COPPER are 412.3 : 414.2 : 420.3 : 424.6 : 430.6 : 436.7 : 441 : 445.4
Intraday Support of COPPER are 407.9 : 406 : 400 : 395.9 : 390.1 : 384.4 : 380.3 : 376.2
Intraday Trend- Buy is advised above 413.2 with a stop at 408.2 Below 407 go for sell
Intraday Resistance of COPPER are 412.3 : 414.2 : 420.3 : 424.6 : 430.6 : 436.7 : 441 : 445.4
Intraday Support of COPPER are 407.9 : 406 : 400 : 395.9 : 390.1 : 384.4 : 380.3 : 376.2
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Gold support and resistance
ReplyDeleteS1: 25800, S2: 25810
R1: 26285, R2: 26364
Copper support and resistance
S1: 411, S2: 409
R1: 420, R2: 424.50
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