16c = very low volume, page-8

It would appear that we are into the zone where there is likely to be very strong support. Looking left on the chart I see this region has two area's where is was resistance to upwards movement and one where it resisted down movement.

a) Resisted up on 16,17 & 18 of Nov at 16c
b) Resisted up in 18 Dec at 15.5
c) Support down on 5, 6 Jan at 15.5c

In my opinion and it is v.likely that the SP will bounce back upwards off the 15.5-16c support area...

In addition, this is the area where the retracement level has reached 50% of the last upleg... So it is logical that those that missed out on the run up last time will be looking to take a low risk enter around here.


Caveat to the above this is a Large general market or Copper Spot price fall or a -ive Co Ann. All is IMHO and DYOR.