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 showing BUY signal For short term Copper is in HOLD SHORT position.Positionally Support for the Copper is 404-400-.Resistance for the Copper is 412-
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 405 The Copper is now trading is approaching overbought level. The oscillator is on SELL signal and Copper is coming down from overbought level
Intraday Trend- Buy is advised above 410.6 with a stop at 404.2 Below 402.6 go for sell with stop at 409
Intraday Resistance of COPPER are 407.2 : 407.7 : 416.7 : 421 : 427 : 433.1 : 437.4 : 441.8
Intraday Support of COPPER are 406 : 405.5 : 396.6 : 392.4 : 386.7 : 381 : 376.9 : 372.9
Intraday Trend- Buy is advised above 410.6 with a stop at 404.2 Below 402.6 go for sell with stop at 409
Intraday Resistance of COPPER are 407.2 : 407.7 : 416.7 : 421 : 427 : 433.1 : 437.4 : 441.8
Intraday Support of COPPER are 406 : 405.5 : 396.6 : 392.4 : 386.7 : 381 : 376.9 : 372.9
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