COPPER

Copper is now closer to a major breakout. Since my last analysis on Dr. Copper on the 26th of February, price remained in a tight consolidation range without any directional movement.

http://techcharts.wordpress.com/2012/02/26/copper-2/

As price have spent more time in this congestion area with low volatility readings, a breakout in the following days should occur. The fact that copper price held above its 200 day moving average, chances of an upward breakout is higher. Though we would like to see decisive breakout in either direction for confirmation. Two important levels to watch as a support; 370 level and as a resistance 400 level.