15 February 2012

Copper : Running Out of Steam

  • Watching this with great interest.
  • Monthly : 5 month upmove following the Aug/Sep11 huge reversal (down) looks like almost over.
  • Weekly : Last week's candle = key reversal just below 400. A nice long bodied red candle into this week's close = sell signal. Below 375 previous top would be even better.
  • Daily : 5 wave  up move seen in current up.
  • Mind those Risk On trades.

2 comments:

Mamee said...

me too 1.5855 :(

Taichiseal said...

Only marginally better. 1.5844. Slowly but surely an agonizing death by a thousand cuts.