copper, page-5

re: copper, heading for 3 bucks, wiza My next short /med term supp for cmr is low 140 area (centred at 141 if you want too split hairs)...probability it will go there shortly is high imo...it will/should bounce up off that point ...the degree & strength of bounce will give early information as too wether the short/med term trend is changing back to uptrend...
However after the 140 area (& probable/likely bounce )...the most likely scenario (atm) is a lower hi around 155-160 area & then a possible low around 120 area atm.(The further ahead you look though in general though,the less accurate targets become & my targets can also change with too much time elapsed in between (ie sideways moves etc) since they are based on dynamic price/time lines
The hypothetical 120 area low (if it were to eventuate) is where i wld consider being a buyer atm...fwiw).
If the bounce of low 120 area failed (ie another lower high & then back through that point though, we could be looking at a break of the longer term uptrend & a break of the 100 support with next good support atm below here at 85 area ..(this is very much just a hypothetical,ie too be aware off) atm though..fwiw

The chart with targets can be viewed here
http://www.ttrader.com/mycharts/display.php?p=38540&u=sourdough&a=Sourdough%20Trading&id=1647


Note ...I am not a qualified advisor,.. so please do not take my work to be any type of trade recommendation(s)