Copper is in long- term bull phase .Currently Copper is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Copper is in HOLD SHORT position.Positionally Support for the Copper is 438-.Resistance for the Copper is 452-458-460-462-468-
Short term and Intraday Level of COPPER
Currently Copper is in SELL position Copper is moving sideways so short term investor better to buy only above 459.4 or hold with stop at 440.05 The Copper is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 450.2 with a stop at 439.8 Below 436.9 go for sell
Intraday Resistance of COPPER are 449.3 : 454.1 : 458.6 : 464.9 : 471.2 : 475.7 : 480.3
Intraday Support of COPPER are 437.8 : 433 : 428.8 : 422.7 : 416.8 : 412.5 : 408.3
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