Copper is bearish for medium-long term .Currently Copper is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Copper is in SELL position.Positionally Support for the Copper is 452-451-.Resistance for the Copper is 460-463-466-467-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position Copper is in sideways so for short term better buy above 461.4 with stop at 453.6 The Copper is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 461.4 with a stop at 455 Below 453.6 go for sell and put stop at 459.9
Intraday Resistance of COPPER are 460.4 : 462.9 : 468.2 : 472.7 : 479.1 : 485.5 : 490.1 : 494.7
Intraday Support of COPPER are 454.5 : 452 : 446.8 : 442.4 : 436.3 : 430.2 : 425.9 : 421.6
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