Copper is currently attempting to breakout of the ascending triangle pattern formed since Trump was elected as workers at Escondida in Chile look set to strike. Oil in the same type of pattern (bullish, continuation). Both breaking north at the same time, with COMEX longs at all time highs, would mean the next leg up in commod prices is very close at hand.
Wouldn't be too quick on the sell button with AVB as bollinger band runs can go on overbought conditions for some time. Short-term target for me is in the 10 cent range.
(DYOR, not advice)
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