09 February 2010

Copper : Daily Bear Flag

  • Monthly : Rally over as marked by the large bearish engulfing candle. Fibonacci [265, 238, 211].
  • Weekly : UpTL broken. Current pause in sell-off is healthy for birth of a new downtrend.
  • Daily : Bear flag being formed now. Watch for this to exhaust (eg reversal black candle) then SELL. Also sell stop-in below 281 to catch fresh down leg.

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