Tuesday 5 March 2013

COPPER TREND FOR TODAY-06-March-2013


Copper is bearish for medium-long term .Currently Copper is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is on BUY Signal and Copper is recovering from oversold level For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 425-.Resistance for the Copper is 438-440-441-443-

Short term and Intraday Level of COPPER

Currently Copper is in HOLD LONG position Copper is moving sideways so short term investor better to buy if close above 434.25 closing below 425.5 Sell will happen. 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 only above 433.1 with a stop at 429.2 Below 428.5 go for sell and put stop at 432.4
Intraday Resistance of COPPER are 432.3/433.5/440.9/446.8/456.9/462.6/473.4/484.4
Intraday Support of COPPER are 429.3/428.1/421/415.3/405.6/400.3/390.4/380.6


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