$Copper - Chart Update/TECH-NOTE: Neutral-to-Strong Bullish Bias

COPPER - Chart Update/TECH-NOTE: Neutral-to-Strong Bullish Bias | #copper #gold #silver #technicalanalysis

Since our last predictive analysis, the retracement did not occur at the anticipated depth, but the rally did stall at the forecast level = 3.388.

BULLISH SCENARIO:
At this point, we remain bullish in the longer-term, although an interim bearish push-back to 3.256 is expected. So, the lofty primary target TG-1 = 3.636 (set on Dec 18th 2013) and the target-high TG-High = 3.887 (dating Dec. 18th 2013) remain in force.

BEARISH SCENARIO:
No bearish scenario underway for the moment.

OVERALL: The market for #Copper has converted from bearish to NEUTRAL with a STRONG Bullish bias.

We will continue to follow this chart and comment on any technical development whenever pertinent.

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Cheers!

David Alcindor | 4xQuad.com
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