Monday 21 January 2013

COPPER TREND FOR TODAY-22-JAN-2013


Copper is in long- term bull phase .Currently Copper is in strong downtrend but volume is unsatisfactory 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 433-.Resistance for the Copper is 443-444-445-446-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position Copper is moving sideways so short term investor better to buy only above 442.8 with stop at 435.3 The Copper is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 438.9 with a stop at 434.6 Below 433.7 go for sell
Intraday Resistance of COPPER are 437.9/439.2/447.2/453.2/463.4/469.1/479.9/491
Intraday Support of COPPER are 434.7/433.4/427.2/421.4/411.7/406.3/396.3/386.4

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