Copper @ its support point, can reverse on upside

copper @ its major support, if reverse then can go above 340

As seen in the chart, copper price is @ its major support. This support is major support because there are 2 support points. If make reverse on upside, it can break resistance of 340 and fly upward, if breach 328 level on downside, then it will enter in bearish phase.

Trade accordingly.

it broke support and enter in to bearish field, while typing .

NG in Expanding Triangle

NG daily

NG Hourly 

As shown in the daily & hourly chart we can see that NG is moving within expanding triangle or reverse symmetrical triangle. This is bearish pattern. NG price can go down after ending of this triangle.

Keep in mind that NG is most sensitive commodity to weather reports, supply data. Trade accordingly.

Fundamental update - 1 , 27/07/2016, 08.43 pm ( Indian time )

http://www.ino.com/blog/2016/07/heat-wave-to-cut-natural-gas-storage-glut/?a_aid=CD3116&a_bid=e69e6702#.V5jOdPl97IU

Heat Wave To Cut Natural Gas Storage Glut ---- click on given link and read full article.

july 26, 2016 by robert boslego , 

Read the article on weather and demand side.

Interesting article about copper

http://in.investing.com/analysis/history-repeats-itself:-copper-200143834

Mentioned link is a article by Pratin Gandhi on investing .com, very interesting view and analysis by him on copper. Traders should visit the link and read this article. Copy paste the link on your browser & you will on the page of article.