Friday, 4 October 2013

COPPER TREND FOR TODAY-05-Oct-2013

Copper is in long- 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 BUY signal For short term Copper is in HOLD SHORT position.Positionally Support for the Copper is 447-437-.Resistance for the Copper is 463-466-468-
Short term and Intraday Level of COPPER
Currently Copper is in SELL position Copper is in sideways so for short term better buy above 459.8 with stop at 447.9 The Copper is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 459.8 with a stop at 451 Below 448.6 go for sell and put stop at 457.5
Intraday Resistance of COPPER are 458.9 : 462.8 : 469.4 : 475.8 : 482.1 : 486.7 : 491.3
Intraday Support of COPPER are 449.5 : 445.6 : 439.2 : 433.1 : 427.1 : 422.8 : 418.5

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