Worries about a Chinese slump and a break-up of the eurozone have hurt the mining sector of late, says Andrew Gibson at www.galvan.co.uk.
Copper and gold miner Antofagasta has dipped below its November swing low at 994p, but has since rebounded nicely. So long as it now stays above that level, the price is well placed to make progress back to 1,125p. Buyers should place a stop loss at 989p.
City Trades are written by selected external contributors and are based on the interpretation of patterns on a share price chart, rather than on fundamental analysis of the company's business or prospects.