Wednesday, 19 June 2013

COPPER TREND FOR TODAY-19-Jun-2013

Copper is in long- medium- term bull phase .Currently Copper is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Copper is in SELL position.Positionally Support for the Copper is 407-401-400-.Resistance for the Copper is 413-414-415-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD LONG position Copper is moving sideways so short term investor better to buy only above 417.25 with stop at 405.35 The Copper is now trading is approaching oversold level. The oscillator is on BUY Signal and Copper is recovering from oversold level
Intraday Trend- Buy is advised above 413.2 with a stop at 408.2 Below 407 go for sell
Intraday Resistance of COPPER are 412.3 : 414.2 : 420.3 : 424.6 : 430.6 : 436.7 : 441 : 445.4
Intraday Support of COPPER are 407.9 : 406 : 400 : 395.9 : 390.1 : 384.4 : 380.3 : 376.2

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1 comments :

  1. Gold support and resistance
    S1: 25800, S2: 25810
    R1: 26285, R2: 26364
    Copper support and resistance
    S1: 411, S2: 409
    R1: 420, R2: 424.50
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