Friday 17 May 2013

COPPER TREND FOR TODAY-18-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 Copper is in HOLD LONG position.Positionally Support for the Copper is 401-397-395-389-.Resistance for the Copper is 410-419-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position Copper is showing some Up momentum So buy above 403.0 with stop at 392.6 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 410.3 with a stop at 403.5 Below 401.7 go for sell and put stop at 408.6
Intraday Resistance of COPPER are 409.4 : 412.2 : 418.9 : 424.9 : 430.9 : 435.2 : 439.6
Intraday Support of COPPER are 402.6 : 399.8 : 394.5 : 390.4 : 384.6 : 378.9 : 374.9 : 370.9

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