Friday 1 March 2013

COPPER TREND FOR TODAY-02-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 426-.Resistance for the Copper is 436-439-440-442-443-

Short term and Intraday Level of COPPER

Currently Copper is in HOLD LONG position Copper is moving sideways so short term investor better to buy only above 434.25 with stop at 420.5 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 435.1 with a stop at 427.7 Below 425.8 go for sell
Intraday Resistance of COPPER are 433.6/436.2/439.1/444.9/455/460.7/471.5/482.4
Intraday Support of COPPER are 427.3/424.7/419.2/413.5/403.8/398.5/388.6/378.8
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