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18th Dec - Copper Bounce Reaches First Hurdle

18 December 2013

WEEKLY CHART – CONTINUATION:

Earlier recovery was repelled by the rising old support/return line. It currently runs through the 3.4700 area and the present rebound needs to overcome this to favour the bulls.

DAILY CHART – Mar-14:

After the 76.4% pullback level provided good support subsequent recovery has now reached the falling resistance line at 3.3350. A break through this would be an initial bullish sign and lead to a test of the 3.4000 Aug high. However, the next interesting resistance would come from the channel top projection at 3.4750.

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18th Dec - Time for a Pullback in GBP/JPY

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13th December - We still love the S&P

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