July 31, 2013

COPPER Channel and Support levels

 
  • Copper 4 Hour chart shows a channel breakdown.
  • Weekly chart shows price near the 2011 lows again. 
  • Copper bulls need to take support at the weekly levels shown in second chart and do a breakout above the resistance line for a bigger up move to happen.
  • Weekly close below the support lines will extend the fall in copper.

No comments:

Post a Comment