Wednesday, 6 November 2013

COPPER TREND FOR TODAY-06-Nov-2013

Copper is in long- term bull phase .Currently Copper is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Copper is 446-.Resistance for the Copper is 452-461-462-

Short term and Intraday Level of COPPER

Currently Copper is in SELL position Copper is in sideways so for short term better buy above 452.8 with stop at 445.85 The Copper is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 452.8 with a stop at 447.6 Below 446.5 go for sell and put stop at 451.7
Intraday Resistance of COPPER are 451.9 : 453.8 : 460.3 : 464.8 : 471.1 : 477.5 : 482 : 486.6
Intraday Support of COPPER are 447.4 : 445.5 : 439.1 : 434.8 : 428.7 : 422.7 : 418.4 : 414.2

 

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1 comments :

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