Friday, 3 May 2013

COPPER TREND FOR TODAY-04-May-2013


Copper is bearish for medium-long term .Currently Copper is in downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 388-378-377-.Resistance for the Copper is 406-417-424-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position Copper is in sideways so for short term better buy above 403 or hold with stop at 366.35 The next resistance will be at 395.85 The oscillator is on BUY Signal and Aluminium is recovering from oversold level
Intraday Trend- Buy above 403 and keep stop below 387.6 Target is 409.9 next 421.3 Below 380.8 trend reversal can occur and next level is 369.4
Intraday Resistance of COPPER are 401.9 : 408.5 : 419.5 : 428.4 : 438.9 : 449.4
Intraday Support of COPPER are 388.7 : 382.1 : 371.1 : 368.6 : 359.1 : 349.7 : 340.4 : 331.2

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