Tuesday 11 June 2013

COPPER TREND FOR TODAY-12-Jun-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 .. The oscillator is showing SELL signal For short term Copper is in HOLD LONG position and Copper closed below 1 week low with volume signals down breakout.Positionally Support for the Copper is 409-402-397-.Resistance for the Copper is 416-418-
Short term and Intraday Level of COPPER
Copper and closed below 1 week low with volume signals down breakoutCurrently Copper is in HOLD SHORT position The Copper is in downtrend For short term buy only if close above 418.0 The Copper is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 417.6 with a stop at 407.1 Below 404.1 go for sell
Intraday Resistance of COPPER are 416.8 : 421.7 : 425.3 : 431.4 : 437.4 : 441.8 : 446.2
Intraday Support of COPPER are 404.9 : 400 : 396.6 : 390.8 : 385.1 : 381 : 377

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