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Friday, March 29, 2013

Don't Ignore This Chart

Arthur Hill, Don't Ignore This Chart, 3/29/2013

It has been a bearish year for Spot Copper ($COPPER) and the recent breakdown points to even lower prices ahead. In addition to MACD turning negative, copper broke triangle support to signal a continuation of the prior decline (2011). The next support zone resides in the 2.80 area. 

130329copper

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