Sunday, February 24, 2013

Copper is breaking down





Copper

Has broken below a long term support-line and is sending us a signal, that everything might not be as rosy as it seems. The first target is the strong support-line near 3.25, which has protected the downside since late 2011, but if this line gives away too, then a well defined Shoulder/Head/Shoulder top will be activated for a decline towards 2.00, but for now lets concentrate on the coming test of support near 3.25 and see what happens...  

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