Copper Technical Analysis

Copper Technical Analysis  - Prices are testing through support at the bottom of a bearish Flag continuation pattern (3.086) and the 38.2% Fibonacci expansion at 3.067. A break below the latter level targets the 50% level at 3.016. Near-term resistance is at 3.130, the 23.6% Fib.

Copper news

Intraday Trend- Buy is advised only above 414.4 with a stop at 408.7 Below 407.3 go for sell and put stop at 413

Intraday Resistance of COPPER are 413.6 : 415.8 : 421 : 425.3 : 431.4 : 437.4 : 441.8 : 446.2
Intraday Support of COPPER are 408.1 : 405.9 : 400.8 : 396.6 : 390.8 : 385.1 : 381 : 377

COPPER TREND& NEWS

Intraday Trend- Buy is advised only above 410 with a stop at 407.1 Below 406.7 go for sell and put stop at 409.6

Intraday Resistance of COPPER are 409.1 : 409.8 : 418.5 : 422.8 : 428.8 : 434.9 : 439.2 : 443.6

Intraday Support of COPPER are 407.6 : 406.9 : 398.3 : 394.2 : 388.4 : 382.7 : 378.6 : 374.6

Copper news

Currently Copper is in HOLD SHORT position Copper is moving sideways so short term investor better to buy only above 423.35 or hold with stop at 413.4 The oscillator is showing BUY signal 

Intraday Trend- Buy is advised above 421.8 with a stop at 414.9 Below 413.2 go for sell

Intraday Resistance of COPPER are 420.8 : 423.6 : 427.8 : 432.1 : 438.2 : 444.3 : 448.7 : 453.1
Intraday Support of COPPER are 414.2 : 411.4 : 407.3 : 403.2 : 397.3 : 391.5 : 387.4 : 383.3

MCX Copper Aug : Sell around 417 level

MCX Copper Aug : Sell around 417 levels with a stop loss placed above 421 levels for targets of 411 levels.

MCX Nickel July : Sell around 840 levels with a stop loss placed above 852 levels for targets of 820 levels

Intraday Trend copper trend

Trend updated for-Jul/23/2013.CMP-420 The Copper is in perfect uptrend .Currently Copper is moving sideways The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the Copper above 427 or buy with strict stop at 403. The oscillator is showing SELL signal For short term Copper is in SELLposition.Positionally Support for the Copper is 415-414-412-411-406-404-. Immediate resistance for Copper is 427

Intraday Trend- Buy is advised above 424.9 with a stop at 416.8 Below 414.6 go for sell with a stop at 422.7

Intraday Resistance of COPPER are 423.6 : 426.8 : 430.1 : 434.4 : 440.5 : 446.6 : 451 : 455.5
Intraday Support of COPPER are 415.9 : 412.7 : 405.4 : 399.5 : 393.7 : 389.6 : 385.5

Copper Technical Analysis

Copper Technical Analysis (COMEX E-Mini) - Prices are pulling back from resistance at the top of an emerging rising channel to approach support at 3.112, the 38.2% Fibonacci expansion. A break below that targets the channel bottom at 3.054 and the 50% level at 3.024. Resistance is reinforced by the 23.6% Fib at 3.221, with a reversal above that eyeing a horizontal pivot level at 3.270.

Daily Chart - Created Using FXCM Marketscope 2.0

(http://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2013/07/18/Commodities_Gold_Crude_Oil_Remain_Focused_on_Bernanke_Commentaryhtml)