While short term trends have again turned down in the LME complex, current weakness appears to be much needed corrective action to recent impressive gains and hence viewed as part of a broader basing pattern. Could still work a little lower but don’t get too bearish with the longer term outlook steadily improving. Take a trial of my daily reports to get a full insight of expected supports and trading stategies
Corrective weakness still part of broader bottoming process
by Cliff Green | May 20, 2015 | Base & Precious Metals Report, Base Metals, Base Metals, Copper, Eurozone, LME, Weekly LME Base Metals Report