01st May - Copper Holding Above Long Term 50% Support
01 May 2014
WEEKLY CHART –
CONTINUATION:
The long term 50% retracement
has so far supported the pullback
from the rising resistance line, but
it could break…
DAILY CHART – Jul-14:
Recovery has now violated first
resistance from last year’s 3.0500
low, but this could yet prove a
corrective bounce ahead of
further weakness.
Next resistance comes from the
3.1555 Nov low and the market is
a possible sell ahead of this, with
stops above 3.2000.
Next story:
08th May - USD/CAD at First Key Long Term Support ![]()
Previous story:
24th April - The irrepressible S&P ? ![]()

