Thursday, 16 February 2017

Comex Copper update

Expect retracement of 50% of recent move and watch for support of the centre line of green PF ABC at around 270.00. It may dip to the CL of  PF 2BC ( not drawn or shown) which would be around the FIB .618 level. Recent fundamentals in Chile will add volatility to price- so we will need to see the next sessions price action consolidating around the arrow shown above.