12 September 2013

Copper : Monthly SHS Top

  • Tracking this for the longest time now.
  • Monthly chart has formed a SHS top, broken NL, come back to test it, and appears poised to make some headway on the downside soon.
  • Next to higher USD interest rates, Copper chart is the one that holds most interest for me these past few months.
  • Daily close below 320, and weekly close below 300 would be my next action points.
  • Latest position : Short HGZ3 at 329.