Wednesday, 26 June 2013

COPPER TREND FOR TODAY-26-Jun-2013

Copper is bearish for medium-long term .Currently Copper is in strong downtrend with good momentum but volume is unsatisfactory 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 Support for the Copper is 400-.Resistance for the Copper is 407-409-410-411-413-
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 407.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 411.9 with a stop at 398.8 Below 395 go for sell and put stop at 408.1
Intraday Resistance of COPPER are 407.3 : 411.1 : 417.5 : 423.8 : 429.8 : 434.1 : 438.5
Intraday Support of COPPER are 399.6 : 395.8 : 389.4 : 383.6 : 377.9 : 373.9 : 369.9

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