Copper has had some significant resistance up at the $3.50 level failing three times there now and once falling all the way down to $2.80. Even after the Earthquake in Chile (One of the main Copper markets in the world) the base metal, although +20 cents to $3.48 could not break the $3.50 level. If an 8.8 earthqauke cannot rally this market passed that level than I do not see anything breaking this level just yet. The MACD and slow stochastics looks to be pointg downward on the daily chart and this means of lower prices to come.
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