Thursday 27 June 2013

COPPER TREND FOR TODAY-28-Jun-2013

Copper is bearish for medium-long term .Currently Copper is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is on BUY Signal and Copper is recovering from oversold level For short term Copper is in HOLD SHORTposition.Positionally Support for the Copper is 400-.Resistance for the Copper is 408-409-413-
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 410.35 or hold with stop at 393.3 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 411.2 with a stop at 399.7 Below 396.4 go for sell
Intraday Resistance of COPPER are 407 : 409.7 : 413.9 : 418.2 : 424.1 : 430.2 : 434.5 : 438.9
Intraday Support of COPPER are 400.6 : 397.9 : 393.8 : 389.7 : 384 : 378.3 : 374.2 : 370.2

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