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26th Sep - Copper Stays Within Key Bounds

26 September 2012

WEEKLY CHART - CONTINUATION

Losses earlier this year stopped short of the rising support line, keeping longer term bears in check.

Recent recovery has the 3.9790 Feb high in its sights – a break above this would provide a bullish signal.

DAILY CHART – Dec-12:

After an earlier period of consolidation the market has recovered, with upside focus again on the earlier 61.8% resistance area, and 4.0200 Feb high.

We currently wait to see if this will be tested – an initial break higher would likely encounter resistance from the 76.4% level and channel top projection.

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27th Sep - USD/CAD Slide Reaches Lower Support

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20th September - Has economic reality hit Oil?

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