Wednesday, 18 September 2013

COPPER TREND FOR TODAY-19-Sep-2013

Copper is in long- medium- term bull phase .Currently Copper is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Copper is in SELL position and closed above 1 week high with volume signals up breakout.Positionally Support for the Copper is 462-453-439-432-.Resistance for the Copper is 475-478-
Short term and Intraday Level of COPPER
Copper closed above 1 week high with volume signals up breakoutCurrently Copper is in HOLD SHORT position Copper is in sideways and sellers was at high so for short term better buy above 476.9 or hold with stop at 451.0 The next resistance will be at 469.3 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 476.9 with a stop at 463.5 Below 459.7 go for sell and put stop at 473.1
Intraday Resistance of COPPER are 472.1 : 476 : 482.3 : 490.2 : 496.7 : 501.3 : 506
Intraday Support of COPPER are 464.5 : 460.6 : 454.3 : 446.9 : 440.8 : 436.4 : 432.1

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