Copper is bearish for medium-long term .Currently Copper is in strong uptrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Copper is 442-.Resistance for the Copper is 448-451-457-458-
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 451.8 with stop at 443.6 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 450.5 with a stop at 443.8 Below 442.1 go for sell
Intraday Resistance of COPPER are 449.6 : 452.4 : 456.9 : 461.4 : 467.7 : 474 : 478.6 : 483.1
Intraday Support of COPPER are 443 : 440.2 : 435.8 : 431.5 : 425.4 : 419.4 : 415.2 : 410.9
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MCX base metals has been idling. MCX Copper is trading around Rs 0.25 per 445.
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