Friday 5 April 2013

COPPER TREND FOR TODAY-06-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 413-415-419-429-434-437-

Short term and Intraday Level of COPPER

Currently Copper is in HOLD SHORT position Copper is moving sideways so short term investor better to buy only above 410.95 or hold with stop at 401.45 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 409.9 with a stop at 404 Below 402.6 go for sell
Intraday Resistance of COPPER are 408.7/410.7/416.8/422.6/432.4/437.9/448.5/459.1
Intraday Support of COPPER are 403.8/401.8/397.5/391.9/382.5/377.4/367.7/358.2

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