My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
December 10, 2012
COPPER Trend update
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-xOpZDe05oERsMBQyqMO4p-ARSyMiDIsuLgwUdGpjbHvHl7kvXbdaaq6dCQLPg8cEUBjVKaL_hP3ptrEzXK2p8rkZgbfXTtuxAmv3OhV1fVq8fB1-tJbgh2xyJVvur8guU9ld8LolRuU/s640/copper+weekly+triangle.gif)
- COPPER Shorter time frames are trending up.
- Daily time frame has broken above a resistance line.
- Sustaining above the daily resistance line should take copper towards the resistance line of the weekly triangle shown in last chart.
- SPY WEEKEND UPDATE
ES Chart analysis
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQFgp6M3iIiZbfU61g3fRhebU05FKHLLkwIouYzhNnxkZvIrOWLoyNOhDPZAokGiZsUWRQtpqp7hPo8mOJsaPakL7N2I5VaDuW3E1U87G2paoeaE2qya7Oxtgl2mnI7NO4n0Ci4_U__jA/s640/es+golden+ratio.gif)
- ES 4 Hour chart with rising support levels shows a possible ascending triangle pattern.
- Weakness on price falling below 50 Day SMA.
- Strength on sustaining above the Golden ratio shown in last chart.
- IWM WEEKEND UPDATE
- QQQ WEEKEND UPDATE
- SPY WEEKEND UPDATE
CNX IT Chart analysis
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCn1AfUIWuxLF_1mZnHo1gAYCOShCdUviC0n_afxKnTucIQumADPT2kzfQRdw6EVRqqsDG1Y7Qj-oLjuzd-V_yQ9ZSR1iTvHpP9c_ICmzexyD6fpyOCRJHGyxnu8TxCZfMdwmafYv-SO0/s640/CNX+IT+TRIANGLE.png)
- Last chart shows a failed breakout from the weekly triangle pattern which is not good for bulls. If price breaks the the support level of 5959 we could see bigger falls in CNX IT.
- TCS CHART ANALYSIS
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