Copper edged higher but only made it to 7323. We could still push higher today & once through 7331 look for 7354 & possibly a test of strong
Copper LME Daily Forecast - 17 April 2013Copper edged higher but only made it to 7323. We could still push higher today & once through 7331 look for 7354 & possibly a test of strong resistance at 7382/89. There is a very good chance we can make it no higher today & may be worth trying shorts with a stop above 7399 for 7482/86 as the next resistance.
Support at 7273 but failure here keeps the pressure on for 7230/20 then 7130/10. Below here we meet Monday’s low at 7085 with a break lower likely to target 6885/75 & then 6775/65.
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