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.
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.
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.
The price of copper underpins the recent rally in mining stocks. Copper is also a proxy for the overall view on the the direction of the world economy: particularly the view on China. Copper has an inverse relationship with the U.S. dollar but in the end it is the perceived supply and demand balance that determines the price for copper.
Copper long-term chart showing the major downtrend
Copper Long-Term Weekly Chart 2004-2016
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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.
The break below the lateral trading band for copper indicates a major test at the (2.14 – 2.15) support zone. This is one of the many charts I have published on copper. Reference the post on March 20, 2016. The price of copper underpins the recent rally in mining stocks. Copper is also a proxy for the overall view on the the direction of the world economy: particularly the view on China. Copper has an inverse relationship with the U.S. dollar but in the end it is the perceived supply and demand balance that determines the price for copper.
Copper 6-Month Daily 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.
Daily chart for copper showing the doji on Friday and the lateral trading zone
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
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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.
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.
The doji star is a potent warning when it appears after a sustained uptrend. It is a yellow light indicating caution. It appeared right below major resistance at the 200-day moving average. Monitor the price action on Tuesday for the possible formation of the evening doji star which is an open below the doji and a close deep into the prior white candlestick. This formation would put the brakes on the near-term uptrend for copper.
Evening Doji Star: A three day bearish reversal pattern similar to the Evening Star. The uptrend continues with a large white body. The next day opens higher, trades in a small range, then closes at its open (Doji). The next day closes below the midpoint of the body of the first day.
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“If you dither, you lose”
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.
