Coppers and Robbers

מעודכן
The current copper setup is a steal.

Looking back we find copper price action is in a similar position to that of 2005. Overhead resistance above can give a rough estimate of a top should prices continue to break higher
תמונת-בזק

The weekly MACD is almost too perfect. Suspicious maybe. Nonetheless, support is $4.00 and only a sustained break below would arrest this trend.
Target above.
תמונת-בזק

The best play on Copper is SCCO - southern copper corp - nice dividend payer. For the last year SCCO looked like it could be forming a bull flag after tagging the 1.618 extension level
תמונת-בזק

The 2.618 level is still the target and judging by this breakout, Copper's probationary period might be over
תמונת-בזק
הערה
תמונת-בזק
SCCOTrend Analysis

כתב ויתור