November 8, 2011

COPPER Chart Analysis

CHART-III(UPDATED)
  • Copper has reached the 200 Period SMA of four hour chart as discussed in the below chart. Correction will continue if four hour candles start to close below this moving average. 
CHART-II
  • Copper has given a good breakdown from its triangle. Now price may target 200 Period SMA for four hour time frame as first target.
CHART-I
  • Copper is showing a triangle pattern.
  • Important support and resistance levels are 3.4520 and  3.6420
  • Breakout from triangle has to take out either support or resistance levels for a bigger move to take place.
  • MCX COPPER CHART
  • SILVER WEEKLY CHART ANALYSIS

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