Saturday, 23 March 2013

Copper Trend 25/03/2013

Trend updated for-Mar/25/2013.CMP-419 Overall trend of the 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 .. The oscillator is showing SELL signal For short term Copper is in SELL position.Positionally Immediate support for Copper is 410.Resistance for the Copper is 423-425-426-435-438-440

Currently Copper is in HOLD LONG position Copper is moving sideways with low volatality so short term investor better to buy if close above 423.5 close below 411.85 sell will happen. The Copper is now trading is approaching oversold level. The oscillator is showing BUY signal

Intraday Trend-Intraday better to buy above 424.9 and Sell if below413.5
Intraday Resistance of COPPER are 421.8/424/428/433.8/443.8/449.4/460/470.8
Intraday Support of COPPER are 416.6/414.4/408.4/402.7/393.2/388/378.2/368.6

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