COPPER TREND FOR TODAY-20-FEB-2013

Copper is bearish for medium-long term .Currently Copper is in uptrend but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is on SELL signal and Copper is coming down from overbought level For short term Copper is in SELL position and closed below 3 week low with volume signals down breakout.Positionally Immediate support for Copper is 435.Resistance for the Copper is 444-445-446-447-

Short term and Intraday Level of COPPER

Copper and closed below 1 week low with volume signals down breakoutCurrently Copper is in HOLD SHORT position Copper has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below434 Buy if above 449.5 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 440.7 with a stop at 435.2 Below 434 go for sell
Intraday Resistance of COPPER are 440.6/443.3/449/455/465.2/470.9/481.8/492.9
Intraday Support of COPPER are 434.1/431.4/428.9/423.1/413.4/408.1/398/388.1

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