Chart analysis for copper

$3.00 is a key support level for copper

Five year copper chart showing major support at around the $3.00 level

5 Year Copper Chart

Based on this chart for data up to Oct 20, 2011; copper has a negative technical profile. The intermediate trend is down with major support around the $3.00 level.

View my recent chart analysis for Teck Resources.

View Kitco for updated charts and other time periods.

Current articles pertaining to commodities:


Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2011

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Your email address will not be published.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.