Since our last predictive analysis, the retracement did not occur at the anticipated depth, but the rally did stall at the forecast level = 3.388.
At this point, we remain in the longer-term, although an interim push-back to 3.256 is expected. So, the lofty primary target TG-1 = 3.636 (set on Dec 18th 2013) and the target-high TG-High = 3.887 (dating Dec. 18th 2013) remain in force.
No scenario underway for the moment.
OVERALL: The market for #Copper has converted from to NEUTRAL with a STRONG bias.
We will continue to follow this chart and comment on any technical development whenever pertinent.
Oh, and stay in touch with any news, signals, charting, tech-notes via Twitter - Look us up under: @4xforecaster
David Alcindor | 4xQuad.com
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