Monday, 26 August 2013

COPPER TREND FOR TODAY-26-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 Copper is now trading in highly overbought level. The Copper is now trading in highly overbought level. The oscillator is showing SELL signal For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 464-455-441-427-421-415-. Immediate resistance for Copper is 485
Short term and Intraday Level of COPPER
Currently Copper is in HOLD LONG position Copper is in profit booking mode so either sell of or keep stop at471 so better sell and enter at lower level The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 477.8 with a stop at 473 Below 472 go for sell
Intraday Resistance of COPPER are 476.8 : 478.5 : 485.9 : 490.5 : 496.9 : 503.5 : 508.2 : 512.9
Intraday Support of COPPER are 473 : 471.3 : 464.1 : 459.6 : 453.4 : 447.2 : 442.8 : 438.4

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