February 9, 2012

COPPER Support and resistance levels

CHART-II
  • Range shown below has given a good breakout. If the current four hour candle closes near the high this momentum should take copper to 4.1077. Bears of copper need price to fall back into the range.
CHART-I
  • 100 Period SMA of four hour time frame is an important support. Copper will be weak below this level. 
  • Important resistance is at 3.9290. Range support is at 3.7503
  • ES ASCENDING TRIANGLE

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