Mantraa Commodity Mantra commodity is an analyst group involved in technical analysis of all major commodities gold, silver, crude, copper, natural gas etc. Mantra commodity serving to clients from last 7 years & made a strong bond of trust with our dedication towards work.Our main functioning area is .Technical analysis on all major commodities available HERE. Or you can write us on mantracommodity@yahoo.com HaPpY TrAdInG.

Copper technical outlook for 28 Feb 2013

22 sec read

copperdaily

Copper (28.02.2013) fall during last few weeks. 

Now copper is trading around 432 ($3.5710) & as we can see on charts, copper headed to a major ascending tradeline running since feb 2011. The current bottom $3.5098 also represent 138.2% feb correction level of last bull wave , as well as it is in combination a parallel support. Candlestick pattern is positive while indicators are over sold. This all hint for a bounce ahead.

 
Based on above studies, we will prefer to buy mcx copper for some possible target around 438 ($3.6130) & then 442 ($3.6470). Only a day close below 423 ($3.5050) will force us to reanalyze the charts. –

Guest Post from Mantra Commodity

Mantraa Commodity Mantra commodity is an analyst group involved in technical analysis of all major commodities gold, silver, crude, copper, natural gas etc. Mantra commodity serving to clients from last 7 years & made a strong bond of trust with our dedication towards work.Our main functioning area is .Technical analysis on all major commodities available HERE. Or you can write us on mantracommodity@yahoo.com HaPpY TrAdInG.

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