Monday, 24 June 2013

COPPER TREND FOR TODAY-25-Jun-2013

Copper is bearish for medium-long term .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. The oscillator is showing SELL signal For short term Copper is in SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Copper is 393.Resistance for the Copper is 405-407-409-410-411-413-
Short term and Intraday Level of COPPER
Copper and closed below 1 week low with volume signals down breakoutCurrently Copper is in SELL position The Copper is in downtrend For short term buy only if close above 408.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 408.9 with a stop at 396.3 Below 392.7 go for sell
Intraday Resistance of COPPER are 404.1 : 407.3 : 412.7 : 421.1 : 427.1 : 431.4 : 435.7
Intraday Support of COPPER are 397.5 : 394.3 : 388.9 : 381 : 375.4 : 371.3 : 367.3


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