The very short term chart shows that support at 3,000 dollars/t has held the market twice, but it is hard to gain any major reassurance from this. Of much more significance is the overheard resistance provided by the trendline, currently sitting at 3,225 dollars/t. This means that any trader considering a new long position when the market dips close to support is looking at a very small potential profit as the resistance is very good quality.
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