Thursday, 29 August 2013

COPPER TREND FOR TODAY-30-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 475-468-453-433-425-420-. Immediate resistance for Copper is 515
Short term and Intraday Level of COPPER
Currently 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 495.7 with stop at 467.7 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 495.7 with a stop at 482 Below 478.1 go for sell and put stop at 491.8
Intraday Resistance of COPPER are 490.8 : 494.8 : 501.3 : 509.2 : 515.8 : 520.6 : 525.3
Intraday Support of COPPER are 483 : 479 : 472.5 : 465.1 : 458.8 : 454.4 : 449.9

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