Wednesday, December 5, 2012

Copper‏ (Mar 13) intraday: further advance.


Pivot: 3.63
Our preference: LONG positions above 3.63 with 3.685 & 3.7 as next targets.
Alternative scenario: The downside penetration of 3.63 will call for a slide towards 3.61 & 3.58.
Comment: technically, the RSI is above its neutrality area at 50.


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