Friday 26 July 2013

COPPER TREND FOR TODAY-27-July-2013

Copper is in long- term bull phase .Currently Copper is showing some down move and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The oscillator is showing BUY signal For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 404-.Resistance for the Copper is 411-416-418-419-
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 only above 423.35 or hold with stop at 407.25 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 414.7 with a stop at 404.7 Below 401.9 go for sell
Intraday Resistance of COPPER are 413 : 417 : 422.7 : 428.8 : 434.8 : 439.2 : 443.5
Intraday Support of COPPER are 403.6 : 399.6 : 394.1 : 388.3 : 382.6 : 378.6 : 374.5

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