Monday, 29 April 2013

COPPER TREND FOR TODAY-30-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 BUY signal For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 383-378-.Resistance for the Copper is 396-410-420-427-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD LONG position Copper is moving sideways with low volatality so short term investor better to buy if close above 389.35 close below 371.2 sell will happen. The Copper is now trading is approaching overbought level. The oscillator is showing SELL signal
Intraday Trend-Intraday better to buy above 396 and Sell if below375.5
Intraday Resistance of COPPER are 388/390.2/393.9/399.3/408.8/414.2/424.4/434.8
Intraday Support of COPPER are 383.5/381.3/377.6/374.9/369.5/360.4/355.4/346/336.8

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