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$2.71 copper futures

JFI nice call re bounce off 2.90

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PGFin

2,170 Posts.

619

22/09/17

21:42

Post #: 27407721
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Originally posted by JFI ↑

For those interested in trading copper. Dec17 contract in my opinion looks solid at $2.90. On my analaysis this is the completion of the pull back from the $3.20 zone. I like the weekly chart with the previous upper resistance trend line looking pretty tight now as a firm support lower trend line. Given that scenario $2.90 would be a good base to look for pric increases across the matrix of copper plays. I still have a keen interest in explorer to developer/producer ASX: SCI. Next week or the following they are likely to release new info relating their driving at Copper Blow in NSW near Broken Hill. Copper and Gold decent in the IOCG type deposit by looks of it. Will be interested to seee the silver figures along with molybdenum, Cobalt and rare earths present in the mix.

SCI moved up a little today but still looks very conservatively priced which is great for accumulator investors such as myself. Sitting at 2.5c currently.

JFI

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JFI nice call re bounce off 2.90
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