COPPER TREND FOR TODAY-15-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 392-387-.Resistance for the Copper is 404-412-420-

Short term and Intraday Level of COPPER

Currently Copper is in HOLD LONG position Copper is moving sideways so short term investor better to buy only above 411.55 or hold with stop at 398.2 The Copper is now trading is approaching overbought level. The oscillator is on SELL signal and Copper is coming down from overbought level
Intraday Trend- Buy is advised above 406.3 with a stop at 396.2 Below 393.3 go for sell
Intraday Resistance of COPPER are 405.1 : 409.4 : 416.3 : 422.2 : 428.2 : 432.6 : 436.9
Intraday Support of COPPER are 394.5 : 390.2 : 382.1 : 376.5 : 372.4 : 368.4

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