Friday 18 January 2013

COPPER TREND FOR TODAY-19-JAN-2013


Copper is in long- term bull phase .Currently Copper is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Copper is in SELLposition.Positionally Support for the Copper is 434-433-.Resistance for the Copper is 444-445-448-

Short term and Intraday Level of COPPER

Currently Copper is in HOLD SHORT position The Copper is in downtrend For short term buy only if close above 442.0 The Copper is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 441 with a stop at 436.6 Below 435.8 go for sell
Intraday Resistance of COPPER are 440.2/441.6/449.3/455.3/465.5/471.2/482.1/493.2
Intraday Support of COPPER are 436.6/435.2/429.2/423.4/413.7/408.3/398.3/388.4


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