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StephenHoad
Apr 19, 2017 3:53 PM

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

Copper FuturesCOMEX

Description

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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