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 459-464-465-466-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position The Copper is in downtrend For short term buy only if close above 459.0 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 459.5 with a stop at 453.1 Below 451.6 go for sell
Intraday Resistance of COPPER are 457.9 : 459.9 : 466.3 : 470.8 : 477.1 : 483.5 : 488.1 : 492.7
Intraday Support of COPPER are 453.2 : 451.2 : 444.9 : 440.6 : 434.5 : 428.4 : 424.1 : 419.8
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