Tuesday, June 23, 2009

Copper Selloff starts - Trend channel is broken

Copper High Grade Futures finally broke off the Trend Channel.

The Downside Gap accentuates the drop in the price as actually opened below the important 220 level where the Support of the previous 2 tops was located. First targets on the downside are the 200 psychological level coinciding with the June Low and 191.9 - the 200-Day MA.

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