Monthly : Jan10 bearish engulfing candle has thus far not performed to expectations. Currently short HGK0 at average price of 331.80 vs last traded price 335.60, having been under water almost from the get go.- Weekly : Pulled back all the way to the pink UpTL but has not managed to penetrate it. If anything, it looks like turning down from there, so offering bears hope.
- Daily : A short term UpTL broken. Chile earthquake knee jerk high 348.70 has contained rally. Down turn likely from here.
- Lesson : Picking tops is difficult!
11 March 2010
Copper : Raised Hopes Again
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