COPPER TREND FOR TODAY-25-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 in profit booking mode so either sell of or keep stop at407 so better sell and enter at lower level The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 415.4 with a stop at 403.7 Below 400.3 go for sell
Intraday Resistance of COPPER are 410.1 : 411.9 : 418 : 422.3 : 428.3 : 434.4 : 438.7 : 443.1
Intraday Support of COPPER are 405.6 : 403.8 : 397.8 : 393.7 : 387.9 : 382.2 : 378.1 : 374.1

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