Sunday, 3 February 2013

COPPER TREND FOR TODAY-04-FEB-2013

22:49   , , , , , ,   2 comments


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 higer levels seems decreasing. The oscillator is showing BUY signal For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 441-438-437-436-434-. Immediate resistance for Copper is 447

Short term and Intraday Level of COPPER

Currently Copper is in HOLD LONG position Copper is in profit booking mode so either sell of or keep stop at440 so better sell and enter at lower level The Copper is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 447.8 with a stop at 441.2 Below 439.6 go for sell
Intraday Resistance of COPPER are 444/444.3/454/460/470.2/476/487/498
Intraday Support of COPPER are 443.4/443.1/433.8/428/418.2/412.8/402.7/392.7


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2 comments :

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