Tuesday 12 November 2013

COPPER TREND FOR TODAY-13-Nov-2013

Copper is in long- medium- 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 . In last few days lot of positive accumulation happened in the Copper 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 454-452-450-449-448-.Resistance for the Copper is 463-

Short term and Intraday Level of COPPER

Currently Copper is in HOLD LONG position In short term Copper is in strong up trend so hold with stop at 455 The Copper is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 461.7 with a stop at 456.9 Below 455.9 go for sell with a stop at 460.7
Intraday Resistance of COPPER are 460.2 : 461.4 : 469.6 : 474.1 : 480.5 : 486.9 : 491.5 : 496.1
Intraday Support of COPPER are 457.4 : 456.2 : 448.2 : 443.8 : 437.6 : 431.6 : 427.2 : 422.9

 

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