Tuesday, 21 May 2013

COPPER TREND FOR TODAY-22-May-2013


Copper is bearish for medium-long term .Currently Copper is moving sideways The Copper is now trading in overbought level. The Copper is now trading in overbought level. The oscillator is showing SELL signal .In last 1 month volatality is very less and fresh Buy can be considered in the Copper if it close above417 or buy with strict stop at 390. The Copper is now trading in overbought level. The Copper is now trading in overbought level. The oscillator is showing SELL signal For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 405-404-401-396-393-.Resistance for the Copper is 418-
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 404 The Copper is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 413.9 with a stop at 407.2 Below 405.5 go for sell with a stop at 412.2
Intraday Resistance of COPPER are 413.5 : 416.6 : 421.1 : 425.3 : 431.4 : 437.5 : 441.8 : 446.2
Intraday Support of COPPER are 405.9 : 402.8 : 396.6 : 390.8 : 385.1 : 381 : 377

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