February 3, 2012

Triangle of COPPER

CHART-II
  • Copper triangle breakout has given good gains for bulls of copper. Price is nearing the golden ratio shown below in the daily chart, this level may continue to act as resistance.
CHART-I
  • Copper Four hour chart shows a triangle pattern
  • Support line of the triangle is the 50% Fibonacci level as shown in the second chart.
  • Breaking the resistance line of the triangle may give a rally towards the golden ratio shown in second chart.
  • DIAMOND OF DOW JONES

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