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My target for confirmation of decline was 6571 and we came up just short at
6585. For now it remains to be seen if we can retrace to 7063 then we have
to get back above resistance formed by several key continuous contract
pivots at 7560-7570. For now I categorize the action in copper and oil as a
bounce. Am looking to buy oil funds at lower levels.
Earl
-----Original Message-----
From: Ira <ist@xxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Wednesday, December 16, 1998 10:36 AM
Subject: Copper
>Is this just a bounce? How high it will go can not be determined at
>this time on a long term chart. but on the short term charts there are
>upside targets. Has it bottomed before reaching the very long term
>targets of 59.50 and 61.50? They only had a 60% probability. Ira
>
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