{"id":56555,"date":"2010-05-03T11:35:40","date_gmt":"2010-05-03T01:35:40","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2010\/05\/03\/bearish-chart-signal-for-copper\/"},"modified":"2010-05-03T11:35:40","modified_gmt":"2010-05-03T01:35:40","slug":"bearish-chart-signal-for-copper","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2010\/05\/03\/bearish-chart-signal-for-copper\/","title":{"rendered":"Bearish Chart Signal For Copper"},"content":{"rendered":"<p>\n\tBy Rudi Filapek-Vandyck<\/p>\n<p>\n\tCopper bulls are facing an even tougher task this month as technical commodity analysts at Barclays Capital report their price charts for April are showing a &ldquo;bearish reversal&rdquo; signal, suggesting more weakness should be expected in May.<\/p>\n<p>\n\tAdding extra weight to this prediction is the fact that the two previous instances when such a signal appeared on the analysts&#039; price charts, the copper price sunk to a new low in the following month.<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/Copper(2).jpg\" style=\"width: 700px;height: 481px\" \/><\/p>\n<p>\n\tThe analysts point out US$7250\/tonne is gap and chart support to note. Ideally, they add, the copper price would decline to between here and US$7000\/t before forming a potential bottom.<\/p>\n<p>\n\tLong-term trendline support lies at US$6960\/t.<\/p>\n<p>\n\tSee also our story from April 29, &ldquo;<a href=\"http:\/\/www.fnarena.com\/index4.cfm?type=dsp_newsitem&amp;n=4776D1B4-E533-E104-BAACEA5C8BF6FB78\">How Deep The Fall For Copper?<\/a>&rdquo;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>To add further to copper&#8217;s woes, April has left a bearish signal on price charts.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[23],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/56555"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=56555"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/56555\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=56555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=56555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=56555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}