Tuesday, 7 May 2013

COPPER TREND FOR TODAY-07-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 388-383-379-.Resistance for the Copper is 405-416-423-
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 387 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 405.3 with a stop at 392.2 Below 388.4 go for sell with a stop at 401.5
Intraday Resistance of COPPER are 399.5 : 401.8 : 406.8 : 417 : 427.3 : 437.7 : 448.2 : 458.8
Intraday Support of COPPER are 394.2 : 391.9 : 386.9 : 377.1 : 367.5 : 358 : 348.6 : 339.3

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