Copper candlestick chart analysis

Copper is testing the intermediate support level of $3.40
Weekly candlestick chart for copper showing the intermediate lateral trading range with support at $3.40.

Copper 3-Year Weekly Chart courtesy of StockCharts.com

Copper is trading below the 50 day and 200 day moving averages. And it is testing the support level of $3.40.
And MACD is confirming the intermediate downtrend.

Reference the last chart analysis for Dr. Copper.

______________________________

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.