Wednesday, September 4, 2013

Copper‏ (LME) MT: continuation of the rebound.

Pivot: 7010

Our preference: Long positions above 7010 with targets @ 7505 & 7735 in extension.

Alternative scenario: Below 7010 look for further downside with 6605 & 6050 as targets.

Comment: the ascending 50-day moving average suggests that the Copper still has potential for a rise.
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