Thursday 20 February 2014

COPPER TREND FOR TODAY- 21-Feb-2014

Copper is bearish for medium-long term .Currently Copper is showing some up move after small correction and trend is strong but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Copper is in HOLD LONGposition.Positionally Support for the Copper is 448-445-444-.Resistance for the Copper is 454-455-458-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD LONG position In short term Copper is in strong up trend so hold with stop at 448 The Copper is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 452.6 with a stop at 447.9 Below 446.9 go for sell with stop at 451.6
Intraday Resistance of COPPER are 451.5 : 453 : 460.4 : 464.9 : 471.2 : 477.6 : 482.1 : 486.7
Intraday Support of COPPER are 448 : 446.5 : 439.2 : 434.9 : 428.8 : 422.8 : 418.5 : 414.3

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