There is a tentative break of the intermediate support level
One Year Copper Chart
The intermediate trend for copper is sideways and the near-term trend is down. There was a tentative break of the $3.70 support level. In this case, I am using a 3% filter to confirm the break so I am looking for a close of $3.59 to move from tentative to confirmed.
Reference the last chart analysis of copper posted on March 30, 2012.
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