Thursday 14 February 2013

COPPER TREND FOR TODAY-15-FEB-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 oscillator is showing BUY signal For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 442-441-440-439-434-. Immediate resistance for Copper is 449

Short term and Intraday Level of COPPER

Currently Copper is in HOLD SHORT position Copper is moving sideways so short term investor better to buy if close above 447.4 closing below 442.65 Sell will happen. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 449.2 with a stop at 443.5 Below 442.2 go for sell and put stop at 447.9
Intraday Resistance of COPPER are 447/448.1/455.4/461.4/471.7/477.4/488.4/499.5
Intraday Support of COPPER are 444.4/443.3/435.1/429.3/419.5/414.1/404/394


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