Friday 6 September 2013

COPPER TREND FOR TODAY-06-Sep-2013

Copper is in long- medium- short-medium- short- term bull phase .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 overbought level. The Copper is now trading in overbought level. The oscillator is on SELL signal and Copper is coming down from overbought level For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 481-468-442-431-425-.Resistance for the Copper is 491-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD LONG position Copper is in sideways and sellers was at high so for short term better buy above 490.2 or hold with stop at 477.2 The next resistance will be at 510.5 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 490.2 with a stop at 479.7 Below 476.8 go for sell and put stop at 487.3
Intraday Resistance of COPPER are 489.2 : 493.9 : 499.2 : 505.7 : 512.3 : 517 : 521.8
Intraday Support of COPPER are 477.8 : 473.1 : 468.1 : 461.8 : 455.5 : 451.1 : 446.7

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