Thursday, November 8, 2012

Copper‏ (Dec 12) intraday: under pressure.


Pivot: 3.48
Our preference: SHORT positions below 3.475 with 3.425 & 3.4 as next targets.
Alternative scenario: The upside breakout of 3.475 will open the way to 3.5 & 3.54.
Comment: as long as 3.475 is resistance, likely decline to 3.425.


USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...