COPPER TREND & INTRADAY LEVELS

COPPER TREND & INTRADAY LEVELS
                                             

Apr/01/2013.CMP-411 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 HOLD SHORT position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Copper is 400.Resistance for the Copper is 418-421-424-433-437-

Intraday Trend- Buy is advised only above 417.7 with a stop at 406.9 Below 403.9 go for sell and put stop at 414.7
Intraday Resistance of COPPER are 413.2/415.5/419.5/423.5/433.3/438.8/449.4/460
Intraday Support of COPPER are 408.4/406.1/402.1/398.3/392.8/383.4/378.2/368.6/359