NYSE LIVE UPDATE

Thursday 16 October 2014

COMEX COPPER - A Smart Damage Escape Expected

Overview :

COMEX Copper is in pessimistic trend , there's smart damage escape expected .If COMEX Copper breaks the extent of 2.9400 then more draw back movement is anticipated to take a look at the extent of 2.9051 draw back. . 



Today's Chart: Copper ( Daily)
 

Overview :

COMEX Copper is in pessimistic trend , there's smart damage break out expected .If Silver breaks the extent of two.9400 then more draw back movement is anticipated to take a look at the extent of two.9051 draw back. .


Indicators:


Its RSI is sustaining below the 50's levels & will take a look at 30's level indicating the more draw back movement within the goods.

 

Trading Strategy :

COMEX Copper weak on chart. If COMEX Copper breaks the extent of 2.9400 draw back, then it will take a look at the extent of 2.9051. One will choose sell on higher level strategy for this combine for intra day to middle term positions.




Technical - Levels



R2
R1
S1
S2
GOLD
1250.05
1245.09
1233.82
1227.81
SILVER
17.81
17.57
17.15
16.99
CRUDE OIL
86.25
84.78
79.80
77.11
COPPER
1.2888
1.2845
1.2000
1.2606
NATURAL GAS
3.9670
3.8660
3.7450
3.7100




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