Wednesday 20 February 2013

COPPER TREND FOR TODAY-21-FEB-2013


Copper is bearish for medium-long term .Currently Copper is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Copper. The oscillator is showing SELL signal For short term Copper is in SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Copper is 430.Resistance for the Copper is 439-444-445-

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 The Copper is in downtrend For short term buy only if close above 443.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 435.5 with a stop at 430.1 Below 428.9 go for sell
Intraday Resistance of COPPER are 436/439.1/444.2/450.1/460.3/465.9/476.8/487.8
Intraday Support of COPPER are 428.4/425.3/418.4/408.8/403.4/393.5/383.6

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