Wednesday, November 28, 2012

Mar Copper (update)

Copper hit resistance around where I figured: just below the 50 & 100 DMA plus the 6 point resistance line (which has now become 7 points).  We are seeing a real choppy move higher off the 11/9 lows, which is a sign of a weak uptrend.  The main obstacle in front is still those two moving averages and the resistance trendline.  If we can break above, then I can see a move to 3.64 for the next resistance zone.

No comments:

Post a Comment