Tuesday 19 March 2013

COPPER TREND FOR TODAY-20-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 SELL signal For short term Copper is in HOLD SHORT position.Positionally Immediate support for Copper is 410.Resistance for the Copper is 425-427-428-436-439-440-

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 421.0 The Copper is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 416.2 with a stop at 410.7 Below 409.4 go for sell
Intraday Resistance of COPPER are 415.5/417.7/423.6/429.4/439.3/444.9/455.5/466.2
Intraday Support of COPPER are 410.1/407.9/404.1/398.5/389/383.8/374.1/364.5

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