Technical forecast for Copper

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Copper beat 7442/44 but only made it as far as 7533. Back below 7442/44 we could test support at 7369/67 but below here we are looking for 7355 possibly a test of good support at 7255/45.

Above May highs of 7480 look for a test of yesterday’s high at 7533/34 then tough resistance at 7554 this week.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More