Copper Chart

Putting the supply/demand discussion aside for a second to look at the copper chart.
Commencing from January the copper price has formed a symmetrical triangle (ranging between the blue down trend line and the yellow up trend line). This pattern is reaching an apex, hence there isn't a lot of 'wiggle room' before a breakout will occur. This could well result in a sizable movement in the copper price, and may see a reversal of the long term down trend, or alternatively see a continuation. If the price does break to the upside a move to $2.40 - 2.50lb would be targeted. For TGS sake lets hope that is the case!

Yeatesy.