COPPER TREND FOR TODAY-13-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 399-393-389-386-.Resistance for the Copper is 420-

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 403 Very Short term investor please cautious on Copper as it is moving with low volatality The Copper is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 418.4 with a stop at 406.6 Below 403.2 go for sell with a stop at 415
Intraday Resistance of COPPER are 411.9 : 412.8 : 420.5 : 424.7 : 430.8 : 436.8 : 441.2 : 445.6
Intraday Support of COPPER are 409.7 : 408.8 : 400.2 : 396.1 : 390.3 : 384.5 : 380.4 : 376.4

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