Monday 28 January 2013

COPPER TREND FOR TODAY-29-JAN-2013


Copper is in long- term bull phase .Currently Copper is in strong downtrend with good momentum 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 434-433-.Resistance for the Copper is 442-445-

Short term and Intraday Level of COPPER

Currently Copper is in HOLD SHORT position Copper is in sideways so for short term better buy above 441.05 with stop at 434.5 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 442.6 with a stop at 435.8 Below 434.2 go for sell and put stop at 441
Intraday Resistance of COPPER are 440.4/442.1/448.2/454.2/464.4/470.1/481/492
Intraday Support of COPPER are 436.4/434.7/428.1/422.3/412.6/407.3/397.2/387.3

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