March 6, 2012

COPPER Falling from a Diamond

  • Copper falling from a bearish Diamond pattern.
  • Bears need to break 50 SMA and the up trend line for extending gains. Unable to close below 50 SMA should result in a up move.
  • Breaking below 50 SMA may target 3.6818 levels.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
By at

4 comments:

  1. POWERTRADEMarch 6, 2012 at 6:31 PM

    Thanks a lot San ... thats all i wanted :)

    ReplyDelete
  2. POWERTRADEMarch 6, 2012 at 6:35 PM

    I am expecting a New low in copper .... It is going to melt i thinks and so a new low in hindalco tooo :)

    ReplyDelete
  3. SanMarch 6, 2012 at 6:49 PM

    @POWERTRADE
    It's breaking down in your favor, one thing you need is this to hold till tomorrows Opening so that you may get a GAP down in Hindalco.

    ReplyDelete
  4. POWERTRADEMarch 6, 2012 at 7:45 PM

    Yes San

    All holding ... Tata Steeel and Hindalco ... Enough for my holi day .. dhuleti :)

    thanks really for all your charts :) help me a lot really

    Earlier Relaince charts also gave a fortune and today i covered all my reliance 800 puts :)

    ReplyDelete

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