Thursday 28 February 2013

COPPER TREND FOR TODAY-01-March-2013


Copper is bearish for medium-long term .Currently Copper is in strong downtrend 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 SELL position.Positionally Support for the Copper is 427-.Resistance for the Copper is 437-439-440-443-

Short term and Intraday Level of COPPER

Currently Copper is in HOLD LONG position Copper is in sideways and sellers was at high so for short term better buy above 439.6 or hold with stop at 420.5 The next resistance will be at 434.25 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 439.6 with a stop at 427.1 Below 423.5 go for sell and put stop at 436
Intraday Resistance of COPPER are 434.5/437/441.6/447.5/457.6/463.3/474.1/485
Intraday Support of COPPER are 428.6/426.1/421.6/415.9/406.2/400.9/391/381.2
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