COPPER TREND FOR TODAY-11-Sep-2013

Copper is in long- medium- term bull phase .Currently Copper is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The Copper is now trading in overbought level. The Copper is now trading in overbought level. The oscillator is showing SELL signal For short term Copper is in SELL position and closed below 3 week low with volume signals down breakout.Positionally Support for the Copper is 447-434-428-.Resistance for the Copper is 477-485-486-

Short term and Intraday Level of COPPER

Copper and closed below 1 week low with volume signals down breakoutCurrently Copper is in HOLD SHORT position The Copper is in downtrend For short term buy only if close above 477.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 482.3 but caution- close Below low5 fresh selling can occur The Copper is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 472.8 with a stop at 464 Below 461.7 go for sell
Intraday Resistance of COPPER are 471.8 : 475.6 : 482.7 : 489.1 : 495.6 : 500.2 : 504.9
Intraday Support of COPPER are 462.7 : 458.9 : 452.1 : 445.9 : 439.7 : 435.4 : 431.1

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