SCCO bulls struggle at current highs.SOUTHERN COPPER CORPORATION - 30d expiry - We look to Sell at 77.48 (stop at 81.21)
We are trading at overbought extremes.
Posted a Double Top formation.
Bespoke resistance is located at 78.70.
Resistance could prove difficult to breakdown.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look for a temporary move higher.
Our profit targets will be 68.22 and 67.22
Resistance: 73.30 / 76.00 / 78.76
Support: 69.88 / 66.47 / 63.00
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