Thursday, 15 August 2013

COPPER TREND FOR TODAY-16-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 . In last few days lot of positive accumulation happened in the Copper Cautious point is buying at higer levels seems decreasing. The Copper is now trading in overbought level. The Copper is now trading in overbought level. The oscillator is showing BUY signal For short term The current position is BUY.Positionally Support for the Copper is 437-430-424-417-415-408-. Immediate resistance for Copper is 454
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 445 The Copper is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 454.3 with a stop at 449.2 Below 448.1 go for sell with a stop at 453.2
Intraday Resistance of COPPER are 453.4 : 455.2 : 461.9 : 466.4 : 472.7 : 479.1 : 483.6 : 488.2
Intraday Support of COPPER are 449 : 447.2 : 440.6 : 436.3 : 430.2 : 424.2 : 419.9 : 415.6

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