Recent content by cliff@cliff-gre

LME copper has clearly broken beneath the lower boundary of the past 10 weeks choppy trading range which if sustained would suggest this to have been a topping process. Technical measurements would signal potential falls towards the 7700 area basis 3 months where renewed demand should then...

The underlying technical outlook for copper remains clearly bullish with completed basing patterns capable of supporting higher objectives in the weeks ahead. Chart measurement actually suggest moves closer to 9300 basis LME 3months. The shorter term trends have flattened out with current...

Copper looks well set to retest historic peaks in and around the 10200 area and while interim resistance should be encountered around 9950 any fresh dips are likey to remain restricted to short lived corrective dips only for the time being.

LME copper looks set to challenge the historic highs in and around the 10200 area in the days/weeks ahead with underlying digestive patterns look close to completion. A close to new highs would suggest a 'wave 5' move closer to 10600 befor renewed major corrective wakness sets in.