Sunday, 3 March 2013

COPPER TREND FOR TODAY-04-March-2013


Copper is bearish for medium-long term .Currently Copper is in strong downtrend and the trend is supported with good volume 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 425-.Resistance for the Copper is 435-439-442-443-

Short term and Intraday Level of COPPER

Currently Copper is in HOLD LONG position Copper is in profit booking mode so hold with stop at 428 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 435.7 with a stop at 428.4 Below 426.5 go for sell and put stop at 433.8
Intraday Resistance of COPPER are 431.6/432.1/441/446.9/457/462.7/473.5/484.4
Intraday Support of COPPER are 430.6/430.1/421.1/415.3/405.7/400.4/390.4/380.6

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