Wednesday, June 6, 2012

Copper Intraday

Copper (CME) 6/6/2012 11:29 AM
1 week Trend: (=) 1 month Trend: (=)
Copper‏ (Jul 12) intraday: the downside prevails.
Pivot: 3.35

Our Preference: SHORT positions below 3.35 with targets @ 3.3 & 3.24.
Alternative scenario: The upside penetration of 3.35 will call for a rebound towards 3.375 & 3.405.

Comment: the upward potential is likely to be limited by the resistance at 3.35.

Trend: ST Ltd downside; MT Bearish
By at

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