COPPER TREND FOR TODAY-18-Sep-2013

Copper is in long- medium- term bull phase .Currently Copper is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Copper is in SELLposition.Positionally Support for the Copper is 452-438-431-.Resistance for the Copper is 467-476-478-

Short term and Intraday Level of COPPER

Currently Copper is in HOLD SHORT position The Copper is in downtrend For short term buy only if close above 461.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 461.8 but caution- close Below low5 fresh selling can occur The Copper is now trading is approaching oversold level. The oscillator is on BUY Signal and Copper is recovering from oversold level
Intraday Trend- Buy is advised above 462.6 with a stop at 453.2 Below 450.6 go for sell
Intraday Resistance of COPPER are 459.3 : 461.5 : 467.3 : 471.9 : 478.2 : 484.6 : 489.2 : 493.8
Intraday Support of COPPER are 453.9 : 451.7 : 446 : 441.6 : 435.5 : 429.4 : 425.1 : 420.8

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