Monday 7 October 2013

COPPER TREND FOR TODAY-08-Oct-2013

Copper is in long- term bull phase .Currently Copper is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Copper is in HOLD SHORT position.Positionally Support for the Copper is 447-437-.Resistance for the Copper is 462-463-466-467-

Short term and Intraday Level of COPPER

Currently Copper is in HOLD SHORT position The Copper is in downtrend For short term buy only if close above 459.0 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 458.5 with a stop at 451.6 Below 449.9 go for sell
Intraday Resistance of COPPER are 457.6 : 460.4 : 464.9 : 469.4 : 475.8 : 482.1 : 486.7 : 491.3
Intraday Support of COPPER are 450.8 : 448 : 443.6 : 439.2 : 433.1 : 427.1 : 422.8 : 418.5

 

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