Friday, October 19, 2012

Copper‏ (Dec 12) intraday: the downside prevails.


Pivot: 3.73
Our preference: SHORT positions below 3.73 with 3.69 & 3.66 as next targets.
Alternative scenario: The upside breakout of 3.73 will open the way to 3.76 & 3.7775.
Comment: the RSI is capped by a bearish trend line.


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