Tag Archives: support

Chart for copper showing support and resistance levels

Copper maintains the lateral trading band
Chart analysis for copper showing the intermediate lateral trading band with support and resistance levels.

Copper One Year Daily Chart

Reference the last chart analysis for copper posted April 13, 2012.

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

U.S. Treasury 10-Year Note chart analysis

Failed to hold support of 2.10%
U.S. Treasury 10-Year Note failed to hold support of 2.10% and is trading below the 200 day simple moving average.

U.S. Treasury 10-Year Note

The near-term trend is down and the intermediate trend is sideways.

The reversal of roles is an important concept in technical analysis. 2.1% was support on the last chart analysis: this level is now resistance.

Reference the last chart analysis of the U.S. Treasury 10-Year posted on March 30, 2012 showing the failure to break resistance of 2.40%.

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

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

Dow Jones Industrial Average chart analysis

Projected retracement zone if the Dow fails to hold 13,000
Dow Jones Industrial Average chart analysis showing the projected retracement zone if the index cannot hold 13,000.

Dow Index Weekly Chart

Reference my last chart analysis for the Dow Jones Industrial Average.

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

TSX Index chart analysis: Negative technical profile

Near-term trend for the TSX Index is down.
TSX Index chart analysis showing support and resistance levels. The RSI has moved below 50.  Negative technical profile for the Canadian market.

TSX Index Three Year Weekly Chart

Reference the last chart analysis for the TSX Index based on the daily chart and the last chart analysis based on the weekly chart.

Key points from the above chart:

  • TSX Index has a negative technical profile
  • Moved below the 200 day simple moving average
  • Near-term trend is down
  • RSI moved below 50 which is the midpoint on a scale

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

Technical Analysis: U.S. Treasury 10-Year Note

Failed to break major resistance at 2.40%
U.S. Treasury 10-Year Note showing support and resistance levels.

U.S. Treasury 10-Year Note

I last charted the U.S. 10-Year Treasury on March 16, 2012 when it broke the resistance level of 2.10% on the weekly chart. The new support level is now 2.10%. Over the last two weeks it has been unable to break the major resistance level of 2.40%. You have these two key points to set your alerts.

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

Key points to monitor on the TSX Index daily chart

TSX Index in a lateral trading band
TSX Index chart analysis showing key support and resistance levels.

TSX Index Daily Chart

Yes, the TSX Index has a negative technical profile. The intermediate trend is sideways as identified on the above daily candlestick chart. A confirmed break below 12,300 would be a warning to liquidate long positions.

Think about the major sectors in the TSX Index. The materials sector has a negative technical profile. The energy sector has a negative technical profile. Investors are taking money out of the hot REIT sector as rates slowly rise and on the news of subpar Canadian economic indicators. And the utilities are priced to perfection. And the two major telecos — BCE and Telus — had a nice run and are also priced to perfection.  What is left? Some bank stocks like RBC moved upward over the past four months and the Lifecos are coming back from the dead but are still on life support.

Caution is advised especially with the news coming out of China about the actual or perceived slowdown.

Reference the last chart analysis of the TSX Index based on the weekly chart. This is a three year chart with the the 50 day, 100 day and 200 day simple moving averages. The TSX Index is holding just above the 200 day moving average. You will see the golden cross (50 day crossed above the 200 day) on this longer term chart but the the cross is a little tarnished at this stage.

Notice the similarities with the daily chart for copper? Yes, we are a resource based economy.

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