Thursday, 4 July 2013

COPPER TREND FOR TODAY-04-July-2013

Copper is in perfect uptrend .Currently Copper is in strong uptrend with good momentum 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 The current position is BUY .Positionally Support for the Copper is 409-408-407-404-401-. Immediate resistance for Copper is 428
Short term and Intraday Level of COPPER
Currently Copper is in HOLD LONG position Copper is in sideways and sellers was at high so for short term better buy above 431.8 or hold with stop at 404.3 The next resistance will be at 426.2 The Copper is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 431.8 with a stop at 422.4 Below 419.9 go for sell and put stop at 429.2
Intraday Resistance of COPPER are 430.4 : 434.2 : 440.5 : 446.7 : 452.9 : 457.3 : 461.8
Intraday Support of COPPER are 421.2 : 417.4 : 411.3 : 405.4 : 399.6 : 395.4 : 391.3

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