Friday, 1 February 2013

COPPER TREND FOR TODAY-02-FEB-2013


Copper is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 441-437-435-433-. Immediate resistance for Copper is 447

Short term and Intraday Level of COPPER

Currently Copper is in HOLD LONG position Copper has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 448.3 with stop at 435.15 The Copper is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 448.3 with a stop at 441.7 Below 440.1 go for sell and put stop at 446.7
Intraday Resistance of COPPER are 447.4/450.1/452.6/458.5/468.8/474.5/485.5/496.5
Intraday Support of COPPER are 441/438.3/432.4/426.6/416.8/411.4/401.3/391.4


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