COPPER TREND FOR TODAY-17-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 and closed above 1 month high with volume signals up breakout.Positionally Support for the Copper is 441-434-426-418-416-409-. Immediate resistance for Copper is 468

Short term and Intraday Level of COPPER

Copper closed above 1 week high with volume signals up breakoutCurrently Copper is in HOLD LONG position Copper has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 473.7 with stop at 441.3 The Copper is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 473.7 with a stop at 459.5 Below 455.5 go for sell and put stop at 469.6
Intraday Resistance of COPPER are 468.4 : 472.3 : 478.7 : 486.4 : 492.8 : 497.4 : 502.1
Intraday Support of COPPER are 460.7 : 456.8 : 450.4 : 443.2 : 437.1 : 432.8 : 428.5

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