Short
Copper (LME) Intraday: choppy.
Short positions below 5915.00 with targets at 5865.00 & 5845.00 in extension.
Pivot: 5915.00
Our preference: short positions below 5915.00 with targets at 5865.00 & 5845.00 in extension.
Alternative scenario: above 5915.00 look for further upside with 5935.00 & 5960.00 as targets.
Comment: the RSI advocates for further decline.
Supports and resistances:
5960.00
5935.00
5915.00
5883.00 Last
5865.00
5845.00
5825.00
Pivot: 5915.00
Our preference: short positions below 5915.00 with targets at 5865.00 & 5845.00 in extension.
Alternative scenario: above 5915.00 look for further upside with 5935.00 & 5960.00 as targets.
Comment: the RSI advocates for further decline.
Supports and resistances:
5960.00
5935.00
5915.00
5883.00 Last
5865.00
5845.00
5825.00
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