4 Jun 2015
Copper on the edge - BAML
FXStreet (Guatemala) - Analysts at Bank of America Merrill Lynch explained that
copper is on the edge.
Key Quotes:
"Copper is on the edge of resuming its long-term downtrend as it probes four-month trendline support at 6034 (it has yet to close below this trendline)."
"Indeed, an impulsive break below confirms an end to the corrective rally and resumption of the long-term bear trend. Downside targets are seen to 5279, ahead of 4791 and, potentially, below."
copper is on the edge.
Key Quotes:
"Copper is on the edge of resuming its long-term downtrend as it probes four-month trendline support at 6034 (it has yet to close below this trendline)."
"Indeed, an impulsive break below confirms an end to the corrective rally and resumption of the long-term bear trend. Downside targets are seen to 5279, ahead of 4791 and, potentially, below."