Technical Analysis: Copper

Key support and resistance levels for copper
Technical analysis for copper using the one year chart.  Copper is trading in an intermediate lateral trading band.  Key support and resistance levels are identified on the chart analysis.

One Year Chart for Copper

DR. Copper has a PhD in economics and is known to predict the economic turning points better than any economist. I have identified the key points to monitor on the copper chart which is currently in a consolidation range. You will have to make the appropriate trading decisions when the chart breaks to the upside or downside. Dr. Copper is still evaluating the data and a decision is pending.

Reference the last chart analysis posted October 20, 2012 when $3.00 was identified as the major support level.

View Kitco for updated charts and other time periods.

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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 BigCharts.com 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.

© 2012 TradeOnline.ca

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