Copper In Down Trend

23 апр. 2017 г.

Copper has broker the lower wall of previous upward parallel channel few days back and currently travelling in downward channel, we can see some up movement to taste the upper wall of the current up channel but if goes down and break the strong support at 2.465 and sustains below then a huge downfall movement can be seen....
as of now my current strategy would be to wait for the copper to come up and taste the upper wall of the channel and once confirmed the reversal to the downside will short it near 2.625 - 2.635 with sl of 2.70 for the target of 2.5 - 2.45

thanks and regards
kamal khan