CUS copper search limited

offer being loaded up

  1. 6,366 Posts.
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    From a technical analysis point of view, a break to the upside today would have snapped the downtrend. However, it seems the offer is being loaded up and that would suggest that the shorts are protecting the upside. Interestingly though, there also appears to be a size buyer in the market, happy to chomp away at 6-6.2c.
    So the battle lines are set. The sellers and buyers have finally met at a price. Lets see how much stock has to go through before the trend either changes or reignites....
 
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