Wednesday, 1 May 2013

COPPER TREND FOR TODAY-02-May-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 on BUY Signal and Copper is recovering from oversold level For short term Copper is inHOLD LONG position.Positionally Immediate support for Copper is 365.Resistance for the Copper is 381-383-393-408-419-425-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position Copper is moving sideways so short term investor better to buy only above 390.25 or hold with stop at 366.35 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 376.3 with a stop at 363.4 Below 359.6 go for sell
Intraday Resistance of COPPER are 371.5/375/380.9/386/395.4/400.6/410.7/420.9
Intraday Support of COPPER are 364.4/360.9/355/347.8/342.8/333.7/324.6

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