Thursday, 21 March 2013

COPPER TREND FOR TODAY-22-March-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 .. 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 423-425-426-435-439-440-

Short term and Intraday Level of COPPER

Currently Copper is in HOLD LONG position Copper is in down trend so buy above 418.0 The sell will again come if below 411.85 The Copper is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 420.3 with a stop at 413.9 Below 412.3 go for sell
Intraday Resistance of COPPER are 419.5/422.2/426.6/432.4/442.4/448/458.6/469.4
Intraday Support of COPPER are 413.1/410.4/407/401.4/391.9/386.7/377/367.3

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