BofA Merrill Lynch:The Mar-26 Shooting Star formation (Candlestick Topping Pattern) into the confluence of resistance between 6230 and 6321 says that the red metal is topping out and the long-term bear trend is resuming. Downside targets are seen to the Jan-26 lows at 5339, ahead of 4791 and, potentially, below. A close below the Mar-02 high at 5960 says the downtrend is resuming. Below 5712, 3m trendline support, confirms.
The material has been provided by InstaForex Company – www.instaforex.com