Copper Daily Forecast Mar 13 2015

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copper

Outlook in Copper remains on the downside as long as 2.839 resistance holds on a daily closing basis , support comes at the 2.765 levels , a halt is likely , but a cut would open 2.670 next , further down will target the 2.570 levels.

On the upside , resistance comes at the 2.839 levels , stability below this level will keep the pair under pressure , however , sustained breakout – daily closing above the 2.839 levels will suggest short term bottoming and open 3.000/3.110 levels before the next fall…

In all ,as long as 2.839  resistance holds on a daily closing basis , outlook in Copper remains on the downside towards the 2.765 levels ahead of the 2.670 levels , above the 2.839 levels faces a recovery risk below the 3.000/3110 levels before the next fall…

 

Copper Daily Forecast Mar 13 2015

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