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Friday, September 18, 2009
CLOSING COMMENTARY FOR SEPT 18 FRIDAY
Copper fell down heavily as prices unable to hold at
res levels. Prices dropped nearly 3 %. Prices have
strong res of 301.50 - 302 and if closes below this
could target 296 - 293 - 290 levels soon. Need to
closely watch 302 levels as it may have some double
bottom also if it continuous buying above this.
Ovearll sell on rise seems.
Copper fell down heavily as prices unable to hold at
res levels. Prices dropped nearly 3 %. Prices have
strong res of 301.50 - 302 and if closes below this
could target 296 - 293 - 290 levels soon. Need to
closely watch 302 levels as it may have some double
bottom also if it continuous buying above this.
Ovearll sell on rise seems.
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