COPPER TREND FOR TODAY-14-May-2013

Copper is bearish for medium-long term .Currently Copper is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Copper is 398-397-391-387-.Resistance for the Copper is 413-420-

Short term and Intraday Level of COPPER

Currently Copper is in HOLD LONG position In short term Copper is in strong up trend so hold with stop at 405 The Copper is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 416.2 with a stop at 404.4 Below 401.1 go for sell with stop at 412.8
Intraday Resistance of COPPER are 411.8 : 414.4 : 418.8 : 423.1 : 429.1 : 435.2 : 439.5 : 443.9
Intraday Support of COPPER are 405.4 : 402.8 : 398.6 : 394.5 : 388.7 : 383 : 378.9 : 374.9

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