Wednesday, 13 February 2013

COPPER TREND FOR TODAY-14-FEB-2013


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 442-441-439-434-. Immediate resistance for Copper is 449

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 at443 so better sell and enter at lower level The Copper is now trading is approaching overbought level. The oscillator is on SELL signal and Copper is coming down from overbought level
Intraday Trend- Buy is advised above 448.5 with a stop at 442.7 Below 441.3 go for sell
Intraday Resistance of COPPER are 446.8/448.4/455.3/461.3/471.6/477.3/488.3/499.4
Intraday Support of COPPER are 443/441.4/435/429.2/419.4/414/403.9/393.9


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