Technical forecast for Copper

copper

Copper edged back up towards Thursday’s high at 3.3685. Above here we meet resistance from recent highs at 3.3767/3800. A visit here today offers a selling opportunity with stops above 3.9000.

Look for support at 3.2989/2950. A low for the day is expect but failure here sees a retest of last week’s low at 3.2870/840.

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