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Charting & TA Thread, page-103

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philh9

11,731 Posts.

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05/06/15

12:18

Post #: 15419688
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Originally posted by Owenb79 ↑

I am afraid Copper has fallen again. It looks like China demand worries, the Greece Deal and the US may hold off on a rate increase till next year which indicates their economy might not be a good as they think it is. The weird thing is London is doing all the selling. There is lots of buying through the Asian session. There are few more levels of support to go through then I am afraid we could see 2015 lows again. The news heavy week is just about over and things should calm down now and hopefully start trending. A Greece deal was supposed to be today, and then the 14th and now the 30th of June. Traders have all sorts of complex issues to negotiate. The big green boxes on the 15 min chart are the opening times of London.

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I think the cost of road-base and door knobs are of more interest to AVB than copper over the next 12 months, the boys over on copper would love this stuff shared I expect.
http://hotcopper.com.au/lme/copper

AVB Price at posting: 7.9¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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