CME COMEX: HG Copper futures prices forecast - down to 1.25

It would be better to see the copper market from the view of selling. For copper prices to go up, they have to take over the 2.95 level. At this point, however, it looks not easy. The prices may go down, in that case, the support could be 1.25. There will be some battle around 2.0 level, but they are likely to fall further in the end. When they go up, it would be better to find a selling opportunity.

[CME COMEX: HG Copper futures prices monthly chart]