Thursday, 2 May 2013

COPPER TREND FOR TODAY-03-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 380-381-392-407-418-424-
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 380.1 or hold with stop at 366.35 The next resistance will be at 390.25 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 380.1 with a stop at 367.8 Below 364.3 go for sell and put stop at 376.5
Intraday Resistance of COPPER are 374.4/376.6/380.2/386.4/395.8/401.1/411.2/421.4
Intraday Support of COPPER are 369.9/367.7/364.1/357.1/348.2/343.3/334.1/325

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