Watch Copper

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Jan 062011


Copper - Daily Chart

An evening star pattern is visible on copper's daily chart. While this is a high probability reversal signal, a close into the coloured region would add further weight to this reversal signal.


This currency basket clocked a wide ranged bar yesterday and is taking aim at the 200 DMA. With a micro double bottom in place, piercing through the much followed 200DMA is the likely scenario.

 Posted by at 3:39 am  Tagged with:
Nov 142010

The reddish metal which usually acts as a leading indicator for the equity markets, threw in a late endorsement of the recent down move.

LME Copper - Daily Charts

The sell off on Friday reiterated the "shooting star" candlestick signal of the previous trading session. Already, the momentum peaks were not in agreement with the recent swing high. Expect a test of short term support at 8155(LME Copper).

 Posted by at 11:44 pm  Tagged with: