Sunday, 7 July 2013

COPPER TREND FOR TODAY-08-July-2013

Copper is in perfect uptrend .Currently Copper is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position isBUY .Positionally Support for the Copper is 412-409-408-404-401-. Immediate resistance for Copper is 428
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position Copper is moving sideways so short term investor better to buy if close above 426.2 closing below 414.05 Sell will happen. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 421.4 with a stop at 415.5 Below 414.2 go for sell and put stop at 420
Intraday Resistance of COPPER are 418.9 : 419.9 : 428 : 432.3 : 438.4 : 444.6 : 449 : 453.4
Intraday Support of COPPER are 416.6 : 415.6 : 407.6 : 403.4 : 397.6 : 391.8 : 387.7 : 383.6

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