Bullish engulfing pattern on the daily chart

Positive move for Teck Resources even as the price of copper reached new lows.

Teck has good support in the $30.00 zone.

Relevant articles picked from the Web:

• The Chinese resource supercycle slows down — Globe — May 26, 2012
• Morgan Stanley’s outlook for the 14 most important commodities in the world — FP — May 31, 2012

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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.

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