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07th Mar - Copper Weakens Towards 76.4% Support

07 March 2013

WEEKLY CHART – CONTINUATION:

The top of the medium term range has been the 3.9790 Feb-12 high, with the market falling away from here and towards the rising support line at 3.2900. A break through this would be a clear bear signal.

DAILY CHART – May-13:

From an early Feb high the market has continued slipping, now closing in on earlier 76.4% support. Note also a channel base projection not much below, at 3.4050 currently. This could slow any continuation towards the Jun-12 low. But any rebound could prove corrective only, tempting speculative sellers.

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07th Mar - EUR/GBP Rise Falters at 76.4% Resistance

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1st March - Bears of US Bonds routed

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