Monday, 1 July 2013

COPPER TREND FOR TODAY-02-July-2013

Copper is in perfect uptrend .Currently Copper is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 409-406-405-400-. Immediate resistance for Copper is 422
Short term and Intraday Level of COPPER
Currently Copper is in HOLD LONG position In short term Copper is in strong up trend so hold with stop at 405 The Copper is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 426.6 with a stop at 412 Below 407.8 go for sell with a stop at 422.3
Intraday Resistance of COPPER are 421.4 : 425.7 : 432.8 : 437.8 : 443.9 : 448.3 : 452.8
Intraday Support of COPPER are 412.9 : 408.6 : 401.5 : 397 : 391.2 : 387.1 : 383
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1 comments :

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