Thursday 19 September 2013

COPPER TREND FOR TODAY-20-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 .. The oscillator is showing SELL signal For short term Copper is in SELL position.Positionally Support for the Copper is 461-454-440-432-.Resistance for the Copper is 472-477-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD LONG position Copper has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 474 with stop at 451.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 474 with a stop at 460.7 Below 456.9 go for sell and put stop at 470.2
Intraday Resistance of COPPER are 469.8 : 473.4 : 480.8 : 487.3 : 493.7 : 498.4 : 503
Intraday Support of COPPER are 461.1 : 457.5 : 450.3 : 444.1 : 438 : 433.7 : 429.3

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