Thursday, 23 May 2013

COPPER TREND FOR TODAY-24-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 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 405-404-396-.Resistance for the Copper is 417-
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 420.45 with stop at 400.2 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 416.3 with a stop at 404.1 Below 400.6 go for sell
Intraday Resistance of COPPER are 411.8 : 415.2 : 420.8 : 428.9 : 435 : 439.3 : 443.7
Intraday Support of COPPER are 405.1 : 401.7 : 396.1 : 388.5 : 382.8 : 378.7 : 374.7

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