Tuesday, October 23, 2012

Copper‏ (Dec 12) intraday: the downside prevails.


Pivot: 3.66
Our Preference: SHORT positions below 3.66 with 3.605 & 3.555 as next targets.
Alternative scenario: The upside breakout of 3.66 will open the way to 3.685 & 3.73.
Comment: as long as the resistance at 3.66 is not surpassed, the risk of the break below 3.605 remains high.
Trend: ST Ltd upside; MT Bullish

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