Copper chart showing the consolidation zone

Major resistance for copper is $3.40
Copper chart showing major resistance of $3.40

Copper 1-Year Chart

The chart for copper shows ambivalence as represented by the consolidation zone. Copper is a good proxy for the world economy: in particular China. One can extrapolate the chart activity for copper to the indecision about the growth prospects (GDP) for China.

Do you think copper can break $3.40?

Reference the last chart analysis for copper based on the daily chart.


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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.

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