Monday, 29 July 2013

COPPER TREND FOR TODAY-29-July-2013

Copper is in long- term bull phase .Currently Copper is showing some down move and trend is strong momentum is also showing strength 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 SELL signal For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 404-.Resistance for the Copper is 412-415-417-418-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position Copper is in sideways so for short term better buy above 410 with stop at 407.1 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 410 with a stop at 407.1 Below 406.7 go for sell and put stop at 409.6
Intraday Resistance of COPPER are 409.1 : 409.8 : 418.5 : 422.8 : 428.8 : 434.9 : 439.2 : 443.6
Intraday Support of COPPER are 407.6 : 406.9 : 398.3 : 394.2 : 388.4 : 382.7 : 378.6 : 374.6
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