Tuesday, 22 January 2013

COPPER TREND FOR TODAY-23-JAN-2013



Copper is in long- term bull phase .Currently Copper is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Copper is in SELL position.Positionally Support for the Copper is 433-.Resistance for the Copper is 444-445-

Short term and Intraday Level of COPPER

Currently Copper is in HOLD SHORT position Copper is moving sideways so short term investor better to buy if close above 441.2 closing below 435.3 Sell will happen. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 442.8 with a stop at 438.4 Below 437.6 go for sell and put stop at 442
Intraday Resistance of COPPER are 442.2/443.8/449.3/455.3/465.5/471.2/482.1/493.2
Intraday Support of COPPER are 438.2/436.6/429.2/423.4/413.7/408.3/398.3/388.4


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