Friday, 17 May 2013

COPPER TREND FOR TODAY-17-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 397-394-388-.Resistance for the Copper is 404-411-419-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position Copper is in sideways so for short term better buy above 411.55 with stop at 392.6 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 406.2 with a stop at 397.3 Below 394.8 go for sell and put stop at 403.7
Intraday Resistance of COPPER are 405.4 : 409.4 : 412.7 : 418.7 : 424.6 : 429 : 433.3
Intraday Support of COPPER are 395.6 : 391.6 : 388.5 : 384.4 : 378.7 : 373.1 : 369.1 : 365.1

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