Near-term uptrend for copper meeting resistance at 2.30

Daily chart for copper showing the doji on Friday and the lateral trading zone

Copper Daily Chart

Copper Daily Chart

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Weekly chart for copper showing the 2.30 resistance zone near the 40-week sma

Copper 3-Year Weekly Chart

Copper 3-Year Weekly Chart

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“Technical Analysis is about probabilities.”

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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