Thursday, 4 April 2013

COPPER TREND FOR TODAY-05-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 .. The oscillator is showing BUY signal For short term Copper is in SELLposition.Positionally Immediate support for Copper is 394.Resistance for the Copper is 414-415-420-429-434-437-

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 413.0 close below 396.5 sell will happen. The oscillator is showing SELL signal
Intraday Trend-Intraday better to buy above 426.9 and Sell if below391.2
Intraday Resistance of COPPER are 411.7/414.3/418.7/422.6/432.5/438/448.5/459.2
Intraday Support of COPPER are 406.4/403.8/399.4/392/382.6/377.4/367.8/358.3

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