Sunday 23 February 2014

COPPER TREND FOR TODAY- 24-Feb-2014

Copper is bearish for medium-long term .Currently Copper is in strong uptrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Copper is 447-445-444-.Resistance for the Copper is 454-455-458-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD LONG position Copper has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 452.8 with stop at 446.8 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 452.8 with a stop at 448.3 Below 447.4 go for sell and put stop at 451.9
Intraday Resistance of COPPER are 451.6 : 452.8 : 460.8 : 465.2 : 471.6 : 477.9 : 482.5 : 487.1
Intraday Support of COPPER are 448.6 : 447.4 : 439.6 : 435.2 : 429.1 : 423.1 : 418.8 : 414.6
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