Technical forecast for Copper

copper

Copper for August just breaking above 316.20/50 to test recent highs of 319/20. Any continued gains can reach 322, possibly 324.

Support at 315.00 then 313.70 but below here we could find a buying opportunity at 312/311.

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