maybe we could interpret what is happening with OZL as bullish consolidation. Looks like a bullish ascending triangle is still being respected by the SP although we are again at the bottom of the triangle. I guess what happens next depends on what happens tonight. So far so good with copper up today and US futures up. Add to that the fact that SFR and PNA were up today and the fact that the effects of QE3 should continue to flow on. That is my bullish case anyway. Bought back in today. So far I have just traded the triangle but if I am right then profits may be more handsome next week.
OZL Price at posting:
$7.02 Sentiment: ST Buy Disclosure: Held
