Copper Lower Again for a good buying chance?
Hey guys,
We expect the market to make one leg lower to around 2.445, BUT only when the market stays below the high 2.70. When this level breaks we will be looking at a move higher to around at 2.776. Our intermarket indication supports our idea of facing south. Critical zone will be the lower range of 2.58! Around 2.444 will be a good buying chance IF market reaches that level. Let's see!
Hope that helps.
Cheers
We expect the market to make one leg lower to around 2.445, BUT only when the market stays below the high 2.70. When this level breaks we will be looking at a move higher to around at 2.776. Our intermarket indication supports our idea of facing south. Critical zone will be the lower range of 2.58! Around 2.444 will be a good buying chance IF market reaches that level. Let's see!
Hope that helps.
Cheers
Comment:
We are still considering buying copper at around 2.444! Nothing has changed!
Comment:
We are still considering buying copper at around 2.444! Nothing has changed!
