COPPER TREND FOR TODAY-11-May-2013

Copper is bearish for medium-long term .Currently Copper is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Copper is 399-390-387-386-.Resistance for the Copper is 413-421-

Short term and Intraday Level of COPPER

Currently Copper is in HOLD LONG position Copper has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 415.6 with stop at 392.4 The Copper is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 415.6 with a stop at 403.9 Below 400.5 go for sell and put stop at 412.2
Intraday Resistance of COPPER are 412.4 : 416 : 420.4 : 426.4 : 432.5 : 436.8 : 441.2
Intraday Support of COPPER are 403.7 : 400.1 : 396 : 391.9 : 386.1 : 380.4 : 376.4 : 372.3

To Get Free Tips:

Bullion Tips

Commodity Tips

Mcx Tips

9770670009, 0731-3299704