COMEX - HG Copper ( Bearish Outlook) 4/2/10

RSI Negative Divergence has been witnessed in weekly chart and addition "Bearish Engulfing" has formed in Monthly chart which indicates correction is unfolding. If the support level of 2.9535 is violated and then downside target will be at 2.6666 - 2.4575 which is retracement level is taken from the low of 1.2550 to the high of 3.5440 range.