technically around 2.41/42 is a 50% retrace of a large two and half year Wave 3 run up in copper. Copper is attempting to find a bottom at these present levels - even though it recovered somewhat last night of its lows , it also finished well off its highs suggesting that background selling continues. My point is that I think its finally looking to put in a low around these levels somewhere and commence some form of recovery and even though Zinc took its time following copper down , I betting they will be in tune with each other on the recovery leg back up. Both copper and zinc are technically well oversold now - doesn't mean they can't go a little lower but the next few days will certainly give us a clearer picture. I reiterate that My favoured technical count is that both these metals still have new highs to achieve but my alternate count says that their tops are already in place. Looking at my ZFX chart aswell that correlates with the zinc chart , it looks like it will retrace to $14.50 - $15.00 via what looks to me to be also a clear Wave 4 retrace taking place. So my technical outlook for Zinc and Copper is maybe a little lower but a turn back up is in the wings. Can AIM hold 27c in the mean time ?? ECN
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Last
70.0¢ |
Change
0.010(1.45%) |
Mkt cap ! $144.0M |
Open | High | Low | Value | Volume |
70.5¢ | 72.5¢ | 67.0¢ | $367.4K | 529.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 32648 | 70.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
71.0¢ | 12414 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 15888 | 0.685 |
3 | 18459 | 0.680 |
1 | 12033 | 0.670 |
2 | 30263 | 0.665 |
2 | 15226 | 0.660 |
Price($) | Vol. | No. |
---|---|---|
0.700 | 3015 | 4 |
0.705 | 4558 | 1 |
0.710 | 10060 | 4 |
0.715 | 2000 | 1 |
0.720 | 509 | 2 |
Last trade - 10.32am 16/09/2025 (20 minute delay) ? |
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Nick Rathjen, MD & CEO
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