Thursday 14 November 2013

COPPER TREND FOR TODAY-14-Nov-2013

Copper is bearish for medium-long term .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 The current position is BUY and closed below 3 week low with volume signals down breakout.Positionally Immediate support for Copper is 440.Resistance for the Copper is 453-455-458-463-

Short term and Intraday Level of COPPER

Copper and closed below 1 week low with volume signals down breakoutCurrently Copper is in HOLD LONG position Copper is moving sideways so short term investor better to buy only above 460.15 or hold with stop at 442.3 The Copper is now trading is approaching overbought level. The oscillator is on SELL signal and Copper is coming down from overbought level
Intraday Trend- Buy is advised above 452.8 with a stop at 437.5 Below 433 go for sell
Intraday Resistance of COPPER are 447.1 : 451.2 : 458.2 : 464.2 : 470.5 : 475 : 479.6
Intraday Support of COPPER are 438.7 : 434.6 : 427.6 : 422.1 : 416.1 : 411.9 : 407.7

 

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1 comments :

  1. Today's MCX COPPER Price is 441.10 with loss of 1.05 (-0.24%)points.please provide me buy or sell information or trading calls.Free intraday tips for today

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