18th Jan - Copper Breaches Key Support
18 January 2015
WEEKLY CHART – CONTINUATION:
Support from the 3.0000 area has finally yielded, opening up lower retracements. Already the 61.8% level is under scrutiny.
DAILY CHART – Mar-15:
The channel base area was violated, leading to acceleration downward. Focus is now turning towards a lower Fibo projection at 2.2950.
Resistance is offered by the old channel base around 2.8000 currently.
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