HGO - Chart, page-278

"ATM to me, copper charts are indicating a retest of EMA43 which based on current trend is ~ $4.6"

"Charts reflect support of long term trend at ~8.2. EMA43 is currently 7.7 EMA100 is 7.4. Institutional selling pressure was last at 7.8. I think this is the point institutions/larger holders started accumulating - the games.

My interpretation is that supports at 8.2, 7.7 and 7.4 need to hold otherwise 7.2 and 7.0 become possibilities. Based on buying pressure yesterday at 8.3, I think buyers could be drying up and those supports will become crucial to price action in coming days. "

These statements seem to be holding up. It was first spotted early-mid May (HGO) where 8.2, 7.8, 7.7 identified as supports. and mid to late May (copper) where 472.25 is support followed by 466.55

Only addition I have is in event of some catalyst/good news/sentiment change, HGO resistances are 89, 94, and 110. In the short term, I anticipate EMA43 (7.7) to act as support followed EMA100 (7.5) then the FIBs. Overseas copper producers have also seen falls so expecting downward pressure on HGO as with copper etf's also.

Charts have not changed, refer previous post if you want them.