Sunday, 24 February 2013

COPPER TREND FOR TODAY-25-FEB-2013


Copper is bearish for medium-long term .Currently Copper is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Copper. The oscillator is showing SELL signal For short term Copper is in SELL position.Positionally Immediate support for Copper is 421.Resistance for the Copper is 439-440-442-444-

Short term and Intraday Level of COPPER

Currently Copper is in HOLD SHORT position The Copper is in downtrend For short term buy only if close above 429.0 The Copper is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 429.3 with a stop at 420.6 Below 418.2 go for sell and put stop at 427
Intraday Resistance of COPPER are 424.1/424.5/433.6/439.5/449.5/455.1/465.9/476.7
Intraday Support of COPPER are 423.4/423/413.9/408.2/398.6/393.4/383.5/373.8

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2 comments :

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