Copper:
Copper gained to hold 401 levels
on uncertainty over Trump's policies which sent the dollar to a 1-1/2 month
low. China's Lunar New Year holiday,
starting Jan. 27, is expected to subdue metals demand as Chinese factories
close, for two to three weeks. The Copper is in perfect uptrend. Currently
Copper is in strong uptrend and the trend is supported with good volume. The
open interest is not increasing with trend. Cautious point is buying at higher
levels seems decreasing. The oscillator is on sell signal and Copper is coming
down from overbought level for short term Copper is in hold long position.
Positional Support for the Copper is 380. Immediate resistance for Copper is
411.
8817002233
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