Copper Daily Forecast Feb 20 2015

copper
copper

Outlook in Copper remains neutral with risk to the upside as long as 2.515 support holds on a daily closing basis , resistance comes a t the 2.635 levels , a break would open 2.741 next  , further upside will target the 2.840 levels.

On the downside , support comes at the 2.515 levels , sustained trading – daily closing – below the 2.515 levels will restore the downside momentum and open the the 2.417 levels , a halt could be seen , but a cut would open 2.357 next , further down will target the 2.280 levels.

In all , as long as 2.515 support holds on a daily closing basis , outlook in Copper remains on the upside towards the 2.635 levels ahead of the 2.741 levels , below 2.515 will restore the downside momentum and open the 2.417 levels ahead of the 2.357 levels..

 

Copper Daily Forecast Feb 20 2015

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