Monday, 19 August 2013

COPPER TREND FOR TODAY-20-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 448-441-430-421-417-411-. Immediate resistance for Copper is 473
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 458 The Copper is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 474.9 with a stop at 465 Below 462.4 go for sell with a stop at 472.3
Intraday Resistance of COPPER are 474 : 478.4 : 484.1 : 490.5 : 497 : 501.7 : 506.4
Intraday Support of COPPER are 463.3 : 458.9 : 453.4 : 447.3 : 441.1 : 436.7 : 432.4

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