RE:RE:Shoutout to CogCognition777 wrote:
Copper has an easy sail to $4.35-4.40 range... If LME Warehouse levels continue to slide that will certainly help the copper price rise, but I don't think it will punch through resistence easily with the short term stupidity south of the border that I mentioned earlier.
So copper bumped up against resistance today near $4.39 (4th time it his that resistance line) and now is trending back down (as TA predicted).
Remains to be seen whether this is the punch through this week. Or will it continute downward to support at just above $4.00??
It does have more momentum to stay in the mid $4.teens than dropping to the support line though.