Category Archives: Other Topics

Chart analysis of Copper: The near-term trend is down

There is a tentative break of the intermediate support level
The near-term trend for copper is down and the intermediate trend is sideways.  There is a tentative break of the $3.70 support level.

One Year Copper Chart

The intermediate trend for copper is sideways and the near-term trend is down. There was a tentative break of the $3.70 support level. In this case, I am using a 3% filter to confirm the break so I am looking for a close of $3.59 to move from tentative to confirmed.

Reference the last chart analysis of copper posted on March 30, 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.

© 2012 TradeOnline.ca

Copper chart analysis: A visit to the doctor

Copper trading in an intermediate lateral band
Copper chart analysis showing the lateral trading band with support and resistance levels.

One Year Copper Chart

Always make regular visits to Dr. Copper for his opinion on the overall health of the world economy. Right now, the Doctor is still evaluating the relatively negative economic data out of China. Maybe the upcoming earnings season will shed some extra light on the demand for base metals in China. Economic reports can be misleading but the top line of a company cannot be easily manipulated.

I have set my alerts as per the above chart and a breakout to the upside or downside will be a major signal for the resource based economies: Canada, Australia, Brazil and Russia.

Reference the last chart analysis for copper: still in the same lateral trading band.

View Kitco for updated charts and other time periods.

Relevant articles picked from the Web:

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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

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.

Relevant articles picked from the Web:

______________________________

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

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 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.

© 2011 TradeOnline.ca

Decent valuations in U.S. healthcare sector

Pfizer Inc., the world’s largest drugmaker, is one of Barron’s top 10 stock picks for 2011 — even though the company’s shares fell nearly 4% last year.

Notice on the 1 year chart ( as of January 10, 2011) that the stock is consolidating in the $18.00 to $18.50 range.  Look for a break at $18.50 to add to your position.

 

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