Wednesday 24 April 2013

COPPER TREND FOR TODAY-25-April-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 .. The oscillator is showing SELL signal For short term Copper is in SELL position.Positionally Immediate support for Copper is 366.Resistance for the Copper is 385-394-401-414-423-429-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position Copper is in sideways and sellers was at high so for short term better buy above 385.2 or hold with stop at 366.8 The next resistance will be at 380.3 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 385.2 with a stop at 374.9 Below 372 go for sell and put stop at 382.3
Intraday Resistance of COPPER are 381.1/383.7/387.9/391.6/401.1/406.4/416.5/426.8
Intraday Support of COPPER are 376.1/373.5/369.3/367.4/362.1/353.1/348.1/338.9/329.7

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