Category Archives: Other Topics

Technical analysis of copper

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Confirming uncertainty in emerging markets
Copper chart showing the near-term downtrend and tradng below the 200 day moving average.

Copper 1-Year Chart courtesy of StockCharts.com

Reference the last chart analysis for copper published on January 3, 2014.

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“The stock market is never obvious. It is designed to fool most of the people, most of the time.” – Jesse Livermore

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.

© 2014 TradeOnline.ca

Copper chart showing the consolidation zone

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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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“It is not when you buy that counts, it is when you sell”

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.

© 2014 TradeOnline.ca

Copper 1-year daily bar chart

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Copper near-term uptrend and resistance zone
Copper chart showing the near-term uptrend and the resistance zone.

Copper 1-Year Daily Bar Chart courtesy of StockCharts.com

The major trend is down, the intermediate trend is sideways and the near-term trend is up. I am focusing on the near-term trend (last three weeks) in this analysis. The near-term trend is up and the resistance zone is identified on the above chart. A break above the resistance zone would indicate a target of $3.80. The price of copper is a good proxy for the growth in the world economy:in particular for China. A breakout above the resistance zone would bode well for the TSX Index which has a relatively large weighting in base metal stocks. A failure for copper to breakout above the resistance zone would indicate that the TSX Index will not breakout above the 13,500 resistance level.

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

Reference the last chart analysis for the TSX Index.

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“It is not when you buy that counts, it is when you sell”

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.

© 2013 TradeOnline.ca

Coffee spot price weekly chart

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A major downtrend for coffee would be an understatement
Major downtrend for the price of coffee over the last three years.

Coffee 3 Year Weekly Chart

The 200-day simple moving average is a good approximation of the major downtrend for coffee. Reference my recent chart analysis for copper for another commodity that has seen better times.

The relatively low spot price for coffee is definitely not reflected in the price of your daily caffeine fix at Tim Hortons.

Updated News Articles

Brazil Drought Jolts Coffee ETNs — February 3, 2014

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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.

© 2013 TradeOnline.ca

Canadian dollar candlestick chart

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Maybe a bottom for the Canadian dollar at $0.9400
Three year weekly chart for the Canadian dollar showing major support at $0.9400.

Canadian dollar weekly chart courtesy of StockCharts.com

The major trend is down, the intermediate trend is down and the near-term trend is down for the Canadian dollar. It is trading below the 200-day and 50-day simple moving averages. But in all this negativity, there is a glimmer of hope—depends on your perspective—that the bottom is $0.9400. This was a support point back in October, 2011 and the hammer is an indication of a bottom. But never trade the bottom: you know the adage about never trying to catch a falling knife.

Reference the last analysis for the TSX Index and take a look at the performance of the materials sector. Then take a look at the chart for copper. The Canadian dollar can never escape the fact that it is a commodity currency.

Canada has some nice pizza restaurants and great ski hills: it is not all about copper and oil.

Reference relevant articles picked from the Web:

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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.

© 2013 TradeOnline.ca

Copper 3-year weekly chart analysis

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Copper could test major support

Copper weekly chart showing the major downtrend, intermediate downtrend and the near-term downtrend

Copper is trading below the 200-day and 50-day moving averages. The major trend is down. The intermediate trend is down. The near-term trend is down. And copper could test the major support zone in the above weekly chart.

The TSX Index will not break resistance of 13,500 with the negative implications of this chart on the materials sector.

Reference the last chart analysis for copper.

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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.

© 2013 TradeOnline.ca

Copper chart analysis

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Near-term uptrend with resistance at $3.40
Cooper candlestick chart showing the near-term uptrend and resistance at $3.40

Copper Daily Chart courtesy of StockCharts.com

Reference the last chart analysis for copper.

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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.

© 2013 TradeOnline.ca

Copper candlestick chart analysis

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Dr. Copper still has a negative prognosis for the world economy
Copper three year weekly chart showing the major support level of $3.00.

Copper 3 Year Weekly Chart courtesy of StockCharts.com

Nothing has changed since I last analyzed copper on June 22, 2013. The major trend is down. The intermediate trend is down. And copper is trading below the 50 day and 200 day moving averages.

What implication does this have for the TSX Index?  The TSX index is currently in a near-term uptrend but there is no way it will break major resistance of 12,900 unless there is an upward movement in copper.

Relevant articles picked from the Web:

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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.