Tuesday, 27 August 2013

COPPER TREND FOR TODAY-28-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 .. 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 and closed above 3 week high with volume signals up breakout.Positionally Support for the Copper is 471-462-447-430-423-417-. Immediate resistance for Copper is 504
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 is in sideways so for short term better buy above 511.7 or hold with stop at 467.7 The next resistance will be at 502.3 The Copper is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy if open above 503.6 with a stop at 485.4 Strong Buy above 511.7 Below 477.3 go for sell or sell if open below485.4
Intraday Resistance of COPPER are 502.5 : 510.6 : 524.1 : 528.4 : 533.2
Intraday Support of COPPER are 486.4 : 478.3 : 464.8 : 461.7 : 457.2

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