Monday, 29 July 2013

COPPER TREND FOR TODAY-30-July-2013

Copper is in long- term bull phase .Currently Copper is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Copper is inSELL position.Positionally Support for the Copper is 408-404-.Resistance for the Copper is 415-417-418-
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 412.0 The Copper is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 414.4 with a stop at 408.7 Below 407.3 go for sell and put stop at 413
Intraday Resistance of COPPER are 413.6 : 415.8 : 421 : 425.3 : 431.4 : 437.4 : 441.8 : 446.2
Intraday Support of COPPER are 408.1 : 405.9 : 400.8 : 396.6 : 390.8 : 385.1 : 381 : 377

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