the importance of .35

Hi all,

Forget about MGO's fundamentals for the moment, and accept copper is in a serious bull market.

On technicals alone, MGO looks set to challenge previous all time highs.


Below is a monthly chart of MGO since listing, accompanied by a few comments:




Resistance at .35 broke without too much fuss.

Forty cents is the next resistance point, as demonstrated on at least four occasions since listing.

There doesn't appear to be any clear resistance beyond 40 cents.


Cheers.