Copper trend 28/03/2013

Trend updated for-Mar/28/2013.CMP-417 Overall trend of the Copper is bearish for medium-long term .Currently Copper is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less Buy the Copper above 432 or buy with strict stop at 410. The oscillator is showing BUY signal For short term Copper is in SELL position.Positionally Immediate support for Copper is 410.Resistance for the Copper is 422-425-433-437-439-

Currently Copper is in HOLD SHORT position Copper is moving sideways so short term investor better to buy if close above 420.0 closing below 415.2 Sell will happen. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 420.9 with a stop at 415.2 Below 413.9 go for sell and put stop at 419.6

Intraday Resistance of COPPER are 418.7/419.8/426.7/432.5/442.5/448/458.7/469.4
Intraday Support of COPPER are 416.1/415/407.1/401.5/392/386.8/377/367.4

Copper trend 26/03/2013

Trend updated for-Mar/26/2013.CMP-417 Overall trend of the Copper is bearish for medium-long term .Currently Copper is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less Buy the Copper above 432 or buy with strict stop at 410. The oscillator is showing BUY signal For short term Copper is in SELL position.Positionally Immediate support for Copper is 410.Resistance for the Copper is 421-423-426-434-438-439-

Currently Copper is in HOLD LONG position Copper is in profit booking mode so either sell of or keep stop at416 so better sell and enter at lower level The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 420.6 with a stop at 414.9 Below 413.6 go for sell
Intraday Resistance of COPPER are 419.3/421.1/427.1/432.9/442.8/448.4/459.1/469.8
Intraday Support of COPPER are 414.9/413.1/407.5/401.8/392.3/387.1/377.3/367.7

Copper to trade in Rs 414-423 range: Nirmal Bang

Nirmal Bang has come out with its report on Copper, Silver, Gold, Nickel, Lead and Crude. According to the research firm, Copper prices are expected to trade range bound from 423 to 414 one can trade within the range.
Gold prices are expected to trade within the range from 29850 to 29450, one can trade within the range.

Silver prices are expected to trade within a range from 54000 to 55000, one can sell on rise around 54400 within stop loss above 54850.

Copper prices are expected to trade range bound from 423 to 414 one can trade within the range.

Nickel prices are expected to witness a sideways move from 915 to 936 one can trade within the range with a positive bias.

Lead prices are expected to trade within the range from 120 to 117, one can trade within the range with a negative bias.

Crude prices are expected to test 5170-5200 on higher end, one can buy if sustained above 5100 with a stop below 5070.

Base metal futures

Metals: Base metal futures on MCX were trading slightly higher tracking rise in benchmark contracts on the London Metal Exchange, where prices gained following release of upbeat manufacturing Purchasing Managers Index data from China. China's HSBC preliminary Purchasing Managers' Index rose to 51.7 in March from 50.4 in February. 

MCX Copper April contract is looking negative for the day. Market may find support near 414 & 411; intraday resistance can be seen near 418 & 421. Day traders are advised to sell intraday on rise. (Sell around 418 with SL 421, for the target of 414 & 411.)

Copper news

Trend updated for-Mar/21/2013.CMP-417 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.Positionally Immediate support for Copper is 410.Resistance for the Copper is 424-426-427-436-439-440-

Currently Copper is in HOLD SHORT position The Copper is in downtrend For short term buy only if close above 419.0 The Copper is now trading in highly oversold level. The oscillator is showing SELL signal

Intraday Trend- Buy is advised only above 420.6 with a stop at 415 Below 413.7 go for sell and put stop at 419.3
Intraday Resistance of COPPER are 419.7/421.7/426.2/432/441.9/447.5/458.1/468.9
Intraday Support of COPPER are 414.6/412.6/406.6/400.9/391.5/386.3/376.5/366.9

Copper trend

Bullion: Gold futures were trading higher on the local bourses as the rupee weakened against the dollar and also rise in benchmark contract. Investors will now turn their focus to the US Federal Open Market Committee's two-day meeting for cues on its asset-purchase programmed.

Energy: Domestic crude oil futures were trading higher due to depreciation in rupee against the dollar and tailing mild upward recovery in benchmark contracts on the New York Mercantile Exchange. The upward recovery in NYMEX crude oil futures, however, was restricted, as market is awaiting release of key weekly US oil inventory report on Wednesday.

Metals: Base metal futures on MCX were trading higher due to the weakness in rupee against the dollar, but a rangebound movement in benchmark contracts on the London Metal Exchange limited the rise. On LME, base metal contracts traded higher earlier in the day on bargain buying and as the initial shock over the Cyprus debt deal eased to some extent.

MCX Gold April Contract is looking positive for the day. Market may find support near 29780 & 29670; intraday resistance can be seen near 29940 & 30040. Day traders are advised to buy intraday on dips. (Buy around 29780 with SL 29670, for the target of 29940 & 30040.)

MCX Silver May Contract is looking positive for the day. Market may find support near 54400 & 53900; intraday resistance can be seen near 54900 & 55400. Day traders are advised to buy intraday on dips. (Buy around 54400 with SL 53900, for the target of 54900 & 55400.)

MCX Natural Gas March contract is looking positive the day. Market may find support near 214 & 211 intraday resistance can be seen near 218 & 221. Day traders are advised to buy intraday on dips. (Buy around 214 with SL 211 for the target of 218 & 221.)

MCX Crude oil April contract is looking positive for the day. Market may find support near 5070 & 5020; intraday resistance can be seen near 5140 & 5210. Day traders are advised to buy intraday on dips. (Buy around 5070 with SL 5020, for the target of 5140 & 5210.)

MCX Copper April contract is looking negative for the day. Market may find support near 410 & 407; intraday resistance can be seen near 415 & 418. Day traders are advised to sell intraday on rise. (Sell around 415 with SL 418, for the target of 410 & 407.)

MCX Lead March contract is looking negative for the day. Market may find support near 116.80, 115.70, intraday resistance can be seen near 118.80 & 119.80 Day traders are advised to sell intraday on rise. (Sell around 118.80 with SL 119.80 for the target of 116.80 & 115.70)

MCX Nickel March contract is looking negative for the day. Market may find support near 896, 888, intraday resistance can be seen near 908 & 918. Day traders are advised to sell intraday on rise. (Sell around 908 with SL 918 for the target of 896 & 888.)

MCX Aluminium March contract is looking negative for the day. Market may find support near 103.20, 102.20 intraday resistance can be seen near 104.80 & 105.90 Day traders are advised to sell intraday on rise. (Sell around 104.80 with SL 105.90 for the target of 103.20 & 102.20)

Copper updates

MCX Copper April contract is looking slightly positive for the day. Market may find support near 425 & 422; intraday resistance can be seen near 428 & 431. Day traders are advised to buy intraday on dips. (Buy around 425 with SL 422, for the target of 428 & 431.)