Recent corrective weakness looks close to completion with support which extends down to 1970 appearing to have cushioned falls. Overall technical outlook still bullish. Take a trial of my service for a couple of weeks.
Ali remains the best of the LME complex with current solid upward cycle appearing headed towards 2200 area. Local resistance at 2120 but pullbacks are likely to be restricted to corrective dips only. Take a free 2 week trial of my full dailly report for full details...
6950 looks to be the trap door in the market which if decsisvely breached would complete a serious top,
The break of further key levels of resistance secures a much larger base with prices expected to trend higher in the weeks ahead. See full report for full details.
This strong rally in copper still appears to have little foundation and hence is unlikely to prove sustainable. Expect strong resistance around 7220 area.
Expect copper prices to come under renewed downward pressure as completed topping pattern reasserts itself. See full report for trading details