Wednesday, 17 April 2013

COPPER TREND FOR TODAY-17-April-2013


Copper is bearish for medium-long term .Currently Copper is in strong downtrend and the trend is supported with good volume 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 385.Resistance for the Copper is 408-409-412-422-429-433-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position Copper is in sideways so for short term better buy above 413.9 with stop at 386.6 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 404.4 with a stop at 389.3 Below 384.9 go for sell
Intraday Resistance of COPPER are 398.3/401.3/403.3/409/418.7/424.1/434.4/444.9
Intraday Support of COPPER are 390.9/387.9/384.3/378.8/369.6/364.5/355.1/345.7

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