26th Oct - Copper Prices Back to Key Support
26 October 2014
WEEKLY CHART –
CONTINUATION:
The market has returned to the
2011/13 lows around 3.0000, and
the long term 50% retracement
level. Failure here would spur the
bears on.
DAILY CHART – Dec-14:
The downmove recently tested
the 76.4% pullback level after
eroding the 3.0095 12-Jun low
area. S/term support is not a
technical surprise here.
A subsequent break of this would
coincide with a break of the long
term supports and provide a clear
bear signal.
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