Tuesday, 9 April 2013

COPPER TREND FOR TODAY-10-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 SELL position and closed above 1 week high with volume signals up breakout.Positionally Support for the Copper is 410-407-.Resistance for the Copper is 417-427-432-436-

Short term and Intraday Level of COPPER

Copper closed above 1 week high with volume signals up breakoutCurrently Copper is in HOLD LONG position In short term Copper is in strong up trend so hold with stop at 406 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 420.7 with a stop at 411 Below 408.3 go for sell with a stop at 418
Intraday Resistance of COPPER are 416.6/418.7/422.1/428.2/438.2/443.7/454.3/465
Intraday Support of COPPER are 412.4/410.3/406.9/403/397.4/387.9/382.8/373/363.4
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