h&s crunchtime

Few scenarios for copper, one is a H&S nearing completion with test of right shoulder.

Quick number crunch for three timeframes; Monthly, Weekly and Daily.

Mid Feb11 peak at 465; trends occuring at M:305, W:297 and D:290.

All supports converge nicely at around 323 next couple weeks.

If break then possible downside targets all near but above GFC low;

M:163, W:155 and D:148






Daily, going back futher doubles as trend from Jan04-Jul05 around which Cu price oscillates, hinting at lower target being most likely.

...first whole week of Oct09 (5th-9th) Cu starts on weekly trend, however month started near top within prior weekly candle up at 281.