Tuesday 28 May 2013

COPPER TREND FOR TODAY-29-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 on SELL signal and Copper is coming down from overbought level For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 406-405-404-399-396-.Resistance for the Copper is 416-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position Copper is moving sideways with low volatality so short term investor better to buy if close above 420.45 close below 404.15 Sell will happen. The oscillator is showing SELL signal
Intraday Trend-Intraday better to buy above 422.6 and Sell if below400.9
Intraday Resistance of COPPER are 417.2 : 421.7 : 426.2 : 432.2 : 438.3 : 442.7 : 447.1
Intraday Support of COPPER are 406.2 : 401.7 : 397.5 : 391.7 : 385.9 : 381.8 : 377.8
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