08 July 2012

Copper : Another SHS Top

  • Another chart (SHS top) to follow closely, although less ripe in terms of timing compared to EUR/USD. 
  • Now at 341. Relevant chart points to watch out for below are 323.80 (new recent lows) and 315 (SHS neckline). All not too far away.
  • So many nice chart patterns forming. Trading about to get very interesting. More important than ever to now manage risk capital very carefully to stay alive and be mentally strong to pounce when these chart patterns start to deliver.