March 5, 2012

COPPER Support levels

  • Copper near trend line and 50 day SMA
  • Rising 50 SMA may act as support level.
  • For a bigger fall price should close below 50 SMA
By at

2 comments:

  1. POWERTRADEMarch 5, 2012 at 8:20 PM

    San

    Please close copper for me below the major levels ...

    for me copper will show a life time low in march :)

    and thats the reason i am loaded in hindalco puts

    Thanks for the chart :)

    ReplyDelete
  2. SanMarch 5, 2012 at 9:13 PM

    @POWERTRADE
    Till now its looking good for you the trend line is broken. A daily close at lows of the candle will confirm the bearishness.

    ReplyDelete

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