Thursday 17 January 2013

COPPER TREND FOR TODAY-18-JAN-2013


Copper is in long- term bull phase .Currently Copper is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Copper is in SELL position.Positionally Support for the Copper is 434-433-.Resistance for the Copper is 443-445-447-448-

Short term and Intraday Level of COPPER

Currently Copper is in HOLD SHORT position Copper is in sideways so for short term better buy above 443.5 with stop at 435.3 The Copper is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 443.5 with a stop at 437.3 Below 435.8 go for sell and put stop at 442
Intraday Resistance of COPPER are 442.7/445.2/448.7/454.6/464.8/470.5/481.5/492.5
Intraday Support of COPPER are 436.6/434.1/428.6/422.8/413.1/407.7/397.7/387.8


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