ETC copper is closing in again on another all time high, this is something that cannot be ignored. it seems to have made a small consolidation move and a new high would have to be confirmation of a buy. If copper makes a new high u realistically cant be bearish, atleast for the short term...
The other point of view is a potential Triple top. The most interesting part here is that BEFORE the massive decline in 08 ETC copper made a TRIPLE TOP. the main difference is that the 08 triple top was played out over 4months where as the current would be around 4weeks
tuesday trading!, page-10
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7,959.3 |
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Mkt cap ! n/a | |||
| Open | High | Low |
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| XJO (ASX) Chart |