Wednesday, 3 April 2013

COPPER TREND FOR TODAY-04-April-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 . In last few days volume based selling happened in the Copper. The oscillator is showing BUY signal For short term Copper is in SELL position.Positionally Immediate support for Copper is 394.Resistance for the Copper is 415-416-421-430-435-437-

Short term and Intraday Level of COPPER

Currently Copper is in HOLD SHORT position Copper is moving sideways with low volatality so short term investor better to buy if close above 418.4 close below 396.5 Sell will happen. The oscillator is showing BUY signal 
Intraday Trend-Intraday better to buy above 421 and Sell if below385.8
Intraday Resistance of COPPER are 406.4/409/414.8/420.5/430.3/435.8/446.3/456.9
Intraday Support of COPPER are 400.3/397.7/395.4/389.9/380.6/375.4/365.8/356.3

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