Monday, 27 May 2013

COPPER TREND FOR TODAY-28-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 SELL signal For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 404-397-396-.Resistance for the Copper is 417-
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 420.45 with stop at 404.15 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 414.9 with a stop at 403.1 Below 399.7 go for sell
Intraday Resistance of COPPER are 408.6 : 409.6 : 417.5 : 421.7 : 427.7 : 433.8 : 438.1 : 442.5
Intraday Support of COPPER are 406 : 405 : 397.3 : 393.1 : 387.4 : 381.7 : 377.6 : 373.6

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