Thursday 25 April 2013

COPPER TREND FOR TODAY-26-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 Support for the Copper is 380-.Resistance for the Copper is 393-400-413-423-428-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD LONG position Copper is in sideways and sellers was at high so for short term better buy above 395.7 or hold with stop at 366.8 The next resistance will be at 389.35 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 395.7 with a stop at 385.1 Below 382.1 go for sell and put stop at 392.7
Intraday Resistance of COPPER are 391.5/394.1/398.5/401.2/410.8/416.1/426.4/436.8
Intraday Support of COPPER are 386.3/383.7/379.3/376.7/371.3/362.2/357.2/347.8/338.5
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1 comments :

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