Tuesday, 7 May 2013

COPPER TREND FOR TODAY-08-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 387-383-381-.Resistance for the Copper is 404-415-422-
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 394 The Copper is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 400.9 with a stop at 393.8 Below 391.9 go for sell with stop at 399
Intraday Resistance of COPPER are 400.1 : 403.1 : 410.2 : 416.1 : 422.1 : 426.4 : 430.7
Intraday Support of COPPER are 392.7 : 389.7 : 386.1 : 382 : 376.3 : 370.7 : 366.7 : 362.7

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