| The United States http://www.alexcap.org/news/blog/papers-wrtten-from-scratch/ hush superior paper throbbing December N.Y. copper closed up 210 points at 322.45 cents Monday. Prices closed nearer the session low. Short covering was featured. Copper bears have the near-term technical advantage. A three-week-old downtrend is in place on the daily bar chart. Copper bullsâ next upside breakout objective is pushing and closing prices above solid technical resistance at last weekâÂÂs high of 329.90 cents. The next downside price breakout objective for the bears is closing prices below solid technical support at 315.00 cents. First resistance is seen at 325.00 cents and then at MondayâÂÂs high of 328.15 cents. First support is seen at last weekâÂÂs low of 319.05 cents and then at 317.50 cents. WyckoffâÂÂs Market Rating: 4.0.
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