xjo - weekend charting and chat, page-8

Although it is a bit boring, as nothing particularly interesting has happened.

Here is an Update of the Copper Futures, as it was mentioned last week, and I posted a few charts of it.

Just as an aside, I use the wave chart more and more often now, and not always for the cumulative volume numbers.
The wave chart tightens up the chart, as it works like a tick chart (sort of), so the many low volume bars (especially from all sessions data) that drag out the chart, are added together until the required amount of volume is reached for each bar.

So anyway, the Copper Futures continue to track sideways, it rejected moving lower when it briefly broke down (and probably caught some stops), which formed a spring, that only allowed it to move up to the resistance above.
As I mentioned earlier this week, it get no applause until it shows the strength to successfully push above the previous breakdown line.

cheers