Monday, 4 March 2013

COPPER TREND FOR TODAY-05-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 .. The oscillator is showing BUY signal For short term Copper is in SELL position.Positionally Support for the Copper is 425-.Resistance for the Copper is 434-439-442-443-

Short term and Intraday Level of COPPER

Currently Copper is in HOLD LONG position The Copper is not giving any clear signal So buy only if close above434.25 and sell below 420.95 The oscillator is showing BUY signal 
Intraday Trend-The Copper closed in a confusion manner So buy for intraday only above 433.3 with a stop at 428.4 If opens below 428.4 or trade below 427.3 be cautious or go for sell with stop at 432.2
Intraday Resistance of COPPER are 432.3/433.9/439.5/445.4/455.5/461.1/471.9/482.8
Intraday Support of COPPER are 428.3/426.7/419.6/413.9/404.2/398.9/389/379.2

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