Thursday, 16 May 2013

COPPER TREND FOR TODAY-16-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 393-387-.Resistance for the Copper is 401-404-411-419-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position Copper is moving sideways so short term investor better to buy only above 411.55 or hold with stop at 392.6 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 402.3 with a stop at 394.6 Below 392.5 go for sell
Intraday Resistance of COPPER are 401.5 : 404.9 : 410.9 : 416.8 : 422.8 : 427.1 : 431.4
Intraday Support of COPPER are 393.3 : 389.9 : 386.8 : 382.7 : 377 : 371.4 : 367.4 : 363.4

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