Copper Daily Forecast Nov 25 2014

Copper1
Copper1

Outlook in Copper remains on the downside as long as long as resistance 3.049 holds on a daily closing basis , support comes at the 2.942 levels , a halt is likely , but losing this level will extend losses towards the 2.900 levels , further down will open the 2.845 levels…

On the upside , resistance comes at the 3.049 levels , a break will turn outlook neutral for retesting the 3.073/3.110 levels before the next fall..

In all , as long as resistance holds 3.020/3.049 holds on a daily closing basis , outlook in Copper remains on the downside towards the 2.942/2.900 levels , above 3.020/3.049 will reverse risk towards the 3.073/3.110 levels before the next fall…

 

Copper Daily Forecast Nov 25 2014

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