15th May - Copper Rally Hits Resistance
15 May 2013
WEEKLY CHART - CONTINUATION:
The rising support line was recently broken, giving a clear bear signal. The Oct-11 low offers next support.
DAILY CHART - Jul -13:
After the breakdown in Apr a subsequent recovery has pushed beyond the 3.3245 Jun-12 low area, testing the old bear channel base around 3.4000 which has acted as an initial barrier. This plus 3.4400 Nov-12 low could be tough to get through, and provides a place for sellers to have stops above.
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9th May - A new bull leg for the S&P is just beginning