Monday 11 November 2013

COPPER TREND FOR TODAY-11-Nov-2013

Copper is in long- short-medium- short- term bull phase .Currently Copper is in strong uptrend 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 Copper is in HOLD LONG position and closed above 1 week high with volume signals up breakout.Positionally Support for the Copper is 450-449-447-.Resistance for the Copper is 462-

Short term and Intraday Level of COPPER

Copper closed above 1 week high with volume signals up breakoutCurrently Copper is in HOLD LONG position Copper has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 462.7 with stop at 445.85 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 462.7 with a stop at 453.7 Below 451.3 go for sell and put stop at 460.3
Intraday Resistance of COPPER are 461.8 : 465.7 : 472.3 : 478.6 : 485 : 489.6 : 494.2
Intraday Support of COPPER are 452.2 : 448.3 : 442 : 435.9 : 429.8 : 425.5 : 421.2

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