Market Update

Market Watch

Thursday, 20 December 2012

Copper and Crude Oil Trends 20 Dec 2012

COPPER:
Trend updated for-Dec/20/2012.CMP-439 The Copper is in long- medium- term bull phase .Currently Copper is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The oscillator is on SELL signal and Copper is coming down from overbought level For short term Copper is in SELL position and closed below 3 week low with volume signals down breakout.Positionally Support for the Copper is 433-431-429-.Resistance for the Copper is 442-447-

CRUDE Oil:
Trend updated for-Dec/20/2012.CMP-4890 Overall trend of the Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 4780-4770-4742-4735-4714-.Resistance for the Crudeoil is 4946-

Today's Call  
CH STOCK CASH PLUS CALLS 20-12-2012 
BUY ASAIN PAINT (LCP-4429.85) ABOVE 4440 TG-4460-4490
BUY UNITED BREWERIES (LCP-952.3)  ABOVE 955 TG-961-970 
CH STOCK CASH PLUS CALLS 20-12-2012 
BUY LA OPALA (LCP-234.95) ABOVE 236 TG-240-246
BUY HERO MOTO (LCP-1916.3) ABOVE 1920 TG-1930-1950 

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