01st Nov - Carbon Emissions Return to Key 76.4% Resistance
01 November 2014
DAILY CHART – Dec-14:
See how 76.4% retracement
levels have been very effective
on this chart. One provided
clear support earlier this year,
with subsequent recovery
being resisted by another one.
A recent pullback found
support at a 38.2% level,
avoiding sidelining the bulls
and, now, the market has
recovered towards the 76.4%
resistance.
A break through this key level
would invite a challenge to the
longer term 61.8% retracement
and the 7.41 Mar high.
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26th Oct - Copper Prices Back to Key Support