Monday, 3 June 2013

COPPER TREND FOR TODAY-04-Jun-2013

Copper is in perfect uptrend .Currently Copper is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Copper if it close above422 or buy with strict stop at 391. The oscillator is showing BUY signal For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 411-410-408-405-403-396-. Immediate resistance for Copper is 422
Short term and Intraday Level of COPPER
Currently Copper is in HOLD LONG position Copper has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 420.7 with stop at 405.1 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 only above 420.7 with a stop at 412.5 Below 410.3 go for sell and put stop at 418.5
Intraday Resistance of COPPER are 419.8 : 423.4 : 430.1 : 436.1 : 442.2 : 446.6 : 451
Intraday Support of COPPER are 411.2 : 407.6 : 401.2 : 395.4 : 389.6 : 385.5 : 381.4

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