Thursday, 29 August 2013

COPPER TREND FOR TODAY-29-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.Positionally Support for the Copper is 473-465-450-432-424-419-. Immediate resistance for Copper is 515
Short term and Intraday Level of COPPER
Currently Copper is in HOLD LONG position Copper is in sideways but the trend looks weak so better buy above 512.65 or hold with stop at 467.7 The oscillator is showing SELL signal
Intraday Trend- Sell if open below 474.7 with stop loss at 493.6or sell below 466.2 Buy is not advised till it cross 502.1
Intraday Resistance of COPPER are 492.6 : 501.1 : 515.2 : 517.7 : 522.5
Intraday Support of COPPER are 475.7 : 467.2 : 453.1 : 451.7 : 447.3

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