Friday, July 23, 2010

Head and Shoulders Bottom in Copper

September Copper traced out a very similar patter as the E-minis (see today's chart). The Head was a spring of earlier lows. Copper has shown nice follow thru up after the breakout. The pattern suggest September Copper could carry to 345.

1 comment:

  1. Copper has shown a dramatic follow thru up to it's Head and Shoulder's breakout of Two Weeks ago. Today, September copper is up over 7. We are 85% of the way to fulfilling our 345 target. This is close enough for me. I think its time to get out of longs here and wait for pullback

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