Wednesday 29 January 2014

COPPER TREND FOR TODAY- 30-Jan-2014

Copper is bearish for medium-long term .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 on BUY Signal and Copper is recovering from oversold level For short term Copper is in HOLD SHORT position.Positionally Immediate support for Copper is 447.Resistance for the Copper is 456-457-458-459-463-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position Copper is in sideways and sellers was at high so for short term better buy above 456.4 or hold with stop at 449.45 The next resistance will be at 460.75 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 456.4 with a stop at 450.6 Below 449.3 go for sell and put stop at 455.1
Intraday Resistance of COPPER are 455.5 : 457.6 : 463.6 : 468 : 474.4 : 480.8 : 485.3 : 489.9
Intraday Support of COPPER are 450.2 : 448.1 : 442.3 : 437.9 : 431.8 : 425.8 : 421.5 : 417.2

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