COPPER TREND FOR TODAY-20-Dec-2013

Copper is in perfect uptrend .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 Copper is now trading in overbought level. The Copper is now trading in overbought level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Copper is 456-454-451-448-446-. Immediate resistance for Copper is 464

Short term and Intraday Level of COPPER

Currently Copper is in HOLD LONG position Copper is in profit booking mode so either sell of or keep stop at458 so better sell and enter at lower level The Copper is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 463.9 with a stop at 458.2 Below 457 go for sell
Intraday Resistance of COPPER are 462.7 : 464.6 : 471.2 : 475.7 : 482.1 : 488.5 : 493.1 : 497.8
Intraday Support of COPPER are 458.1 : 456.2 : 449.7 : 445.3 : 439.2 : 433.1 : 428.8 : 424.5

 

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