BofA Merrill Lynch:We reiterate our negative view on copper. Indeed, the red metal is threatening to resume its long-term bear trend after stalling into the confluence of resistance between 6321/6635. Four month trendline support at 6010 IS KEW. An impulsive break below confirms an end to the corrective rally and resumption of the long-term bear trend. Downside targets are seen to 5279, ahead of 4791 and potentially below
The material has been provided by InstaForex Company – www.instaforex.com