Monday 16 September 2013

COPPER TREND FOR TODAY-16-Sep-2013

Copper is in long- medium- term bull phase .Currently Copper is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Copper 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 450-437-430-.Resistance for the Copper is 472-478-480-
Short term and Intraday Level of COPPER
Currently Copper is in SELL position The Copper is in downtrend For short term buy only if close above 464.0 The Copper is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 466.5 with a stop at 457.6 Below 455.2 go for sell and put stop at 464.1
Intraday Resistance of COPPER are 463.5 : 465.7 : 471.6 : 476.2 : 482.6 : 489 : 493.6 : 498.2
Intraday Support of COPPER are 458.2 : 456 : 450.2 : 445.8 : 439.6 : 433.5 : 429.2 : 424.9

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