Tuesday 14 January 2014

COPPER TREND FOR TODAY-14-Jan-2014

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-

Short term and Intraday Level of COPPER

Currently Copper is in SELL position The Copper is in downtrend For short term buy only if close above 461.0 The Copper is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 461.4 with a stop at 455 Below 453.5 go for sell
Intraday Resistance of COPPER are 460.4 : 462.9 : 468.2 : 472.7 : 479 : 485.4 : 490 : 494.7
Intraday Support of COPPER are 454.4 : 451.9 : 446.8 : 442.4 : 436.3 : 430.2 : 425.9 : 421.6

 

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