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[svkum]

COPPER May 2008 (E) (NYMEX:HG.K08.E) Weak Uptrend Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.

Based on a pre-defined weighted trend formula for chart analysis, HG.K08.E scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend):


-[size=18]10 Last Hour Close Below 5 hour Moving Average
+15 New 3 Day High on Friday
+20 Last Price Above 20 Day Moving Average
-25 New 3 Week Low, Week Ending May 17th
+30 New 3 Month High in April
+65 Total Score
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Open High Low HG.K08.E Price Change
3.8465 0.0000 0.0000 3.8465 -0.0075

see the parameters used for knowing the trend
SV KUMTHEKAR

[psivaaaa]

Copper now is getting just paper transfers from lme to chn. Data are no more reliable, the cash avaialbility will decide the trend - downwards.