14th Mar - Copper Bears Threaten Long Term Support - Market updates

14 March 2014

WEEKLY CHART –

CONTINUATION:

Note how price action has been

capped by the rising return line.

The 2011/13 lows around 3.0000

are now under threat, together

with the long term 50%

retracement.

Below here the 2.5380 61.8%

level would beckon next.

DAILY CHART – May-14:

Mid-range failure in Feb was an

early clue to a bear break from the

previous multi-month range.

The Jun-13 low has now been

breached, plus a recent Fibo

projection we had marked in.

Focus is very much on the long

term charts, but here note another

Fibo projection at 2.7235.

Rallies are a sell ahead of the

Nov-13 low and possibly the Jun-

13 low.