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.
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David Alcindor | 4xQuad.com
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)
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