Friday, 19 April 2013

COPPER TREND FOR TODAY-20-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 . In last few days volume based selling happened in the Copper. The oscillator is showing SELL signal For short term Copper is in SELL position.Positionally Immediate support for Copper is 368.Resistance for the Copper is 400-403-408-418-427-431-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position The Copper is in downtrend For short term buy only if close above 385.0 The Copper is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 383.4 with a stop at 370 Below 366 go for sell
Intraday Resistance of COPPER are 377/379.2/383/389.7/399.2/404.5/414.6/424.8
Intraday Support of COPPER are 372.4/370.2/366.4/360.3/351.3/346.4/337.1/328

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