Overview :
COMEX Copper is in bearish trend , there is good support level break out expected .If COMEX Copper break the level of 2.7749 then further downside movement is expected to test the level of 2.7601 downside. .
Copper ( 4 Hourly)
Indicators:
Its RSI is sustaining below the 50's levels & can test 30's level indicating the further downside movement in the commodity.
Trading Strategy :
COMEX Copper weak on chart. If COMEX Copper breaks the level of 2.7749 downside, then it can test the level of 2.7601 .One can go for sell on higher level strategy for this pair for intra day to mid term positions.
COMEX Copper is in bearish trend , there is good support level break out expected .If COMEX Copper break the level of 2.7749 then further downside movement is expected to test the level of 2.7601 downside. .
Copper ( 4 Hourly)
Indicators:
Its RSI is sustaining below the 50's levels & can test 30's level indicating the further downside movement in the commodity.
Trading Strategy :
COMEX Copper weak on chart. If COMEX Copper breaks the level of 2.7749 downside, then it can test the level of 2.7601 .One can go for sell on higher level strategy for this pair for intra day to mid term positions.
Technical
- Levels :
R2
|
R1
|
S1
|
S2
|
|
| GOLD |
1238.72
|
1223.21
|
1204.17
|
1195.75
|
| SILVER |
17.01
|
16.7
|
16.27
|
16.08
|
| CRUDE OIL |
51.41
|
49.67
|
46.64
|
44.2
|
| COPPER |
2.8480
|
2.8160
|
2.7749
|
2.7601
|
| NATURAL GAS |
3.3360
|
3.0060
|
2.7200
|
2.6360
|
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