Thursday, 6 June 2013

COPPER TREND FOR TODAY-06-Jun-2013

Copper is in perfect uptrend .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 BUY signal For short term Copper is in HOLD LONG position and closed above 1 month high with volume signals up breakout.Positionally Support for the Copper is 412-411-410-407-403-397-. Immediate resistance for Copper is 429
Short term and Intraday Level of COPPER
Copper closed above 1 week high with volume signals up breakoutCurrently 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 429.8 with stop at 411.2 The Copper is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 429.8 with a stop at 421 Below 418.7 go for sell and put stop at 427.4
Intraday Resistance of COPPER are 428.9 : 432.8 : 438.9 : 445 : 451.2 : 455.7 : 460.1
Intraday Support of COPPER are 419.5 : 415.6 : 409.7 : 403.9 : 398 : 393.9 : 389.8

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