Thursday 6 February 2014

COPPER TREND FOR TODAY- 06-Feb-2014

00:41     1 comment

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 . Noting point is selling at lower levels seems decreasing. The Copper is now trading in oversold level. The Copper is now trading in oversold level. The oscillator is showing SELL signal For short term Copper is in SELL position.Positionally Immediate support for Copper is 439.Resistance for the Copper is 451-454-455-456-458-
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 445.0 The Copper is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 444.4 with a stop at 439.5 Below 438.4 go for sell
Intraday Resistance of COPPER are 443.5 : 445.2 : 452 : 456.4 : 462.7 : 469 : 473.5 : 478
Intraday Support of COPPER are 439.3 : 437.6 : 431 : 426.7 : 420.6 : 414.7 : 410.4 : 406.2

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1 comments :

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