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StephenHoad
19 apr 2017 15:53

Copper (HG) looking weaker in the short term? Kort

Copper FuturesCOMEX

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Fundamentals around Copper, Steel rebar, Iron ore, Coal not looking so rosy currently. Technically Copper HG looking weak. Dec'16 lows could be next resistance at 2.4785 (Approx LME 5500), a further significant break here could see 38.2% Fib area tested (2.3425) then Nov lows of 2.09. Support may be found at 2.5935.
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