- In the past, BOC rate hikes used to be good for at least a few days' worth of Copper sell-off. This time round, nary a single trading session. Telling us that markets believe Wen JiaBao in thinking China inflation under control and we are nearing end of the BOC rate hike cycle.
- Monthly : Back above 427 = good sign.
- Weekly : Testing 435 overhead resistance now. After that, a break of 451.5 will make a series of higher highs and higher lows.
- This probably means AUD/USD going back up too.
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