Wednesday, 7 August 2013

COPPER TREND FOR TODAY-08-Aug-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 421-419-417-413-411-405-. Immediate resistance for Copper is 439
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 426 The Copper is now trading is approaching overbought level. The oscillator is on SELL signal and Copper is coming down from overbought level
Intraday Trend- Buy is advised above 436.5 with a stop at 428.9 Below 426.9 go for sell with a stop at 434.5
Intraday Resistance of COPPER are 435.6 : 438.9 : 442.2 : 446.5 : 452.7 : 459 : 463.4 : 467.9
Intraday Support of COPPER are 427.8 : 424.5 : 417.1 : 411.2 : 405.3 : 401.1 : 396.9

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