Friday, 21 June 2013

COPPER TREND FOR TODAY-22-Jun-2013

Copper is bearish for medium-long term .Currently Copper is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . 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 402-401-.Resistance for the Copper is 410-411-413-
Short term and Intraday Level of COPPER
Currently Copper is in SELL position Copper is in sideways so for short term better buy above 411.5 with stop at 401.85 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 411.5 with a stop at 404.9 Below 403.2 go for sell and put stop at 409.8
Intraday Resistance of COPPER are 410.6 : 413.4 : 417.5 : 421.8 : 427.8 : 433.8 : 438.2 : 442.6
Intraday Support of COPPER are 404.1 : 401.3 : 397.3 : 393.2 : 387.4 : 381.7 : 377.6 : 373.6

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