Loading ...COPPER
I like the inverse head and shoulders pattern Spock has posted but I also see some levels of support to note if we get a retracement. I added NSU this week and plan on buying a few more copper related stocks. I see 2.95-3.00 as an important level for copper.
Supply kicks in at 3.05 and 3.20 so a lot of work to do. The intermediate cycle is about 24 weeks for copper and we are at week 14 now so there is plenty of time to work on the resistance. It may not get cooking until the next intermediate cycle, after yearly cycle low in 10 weeks time.
By then gold should be cooking too, as USD submits to the cycles pulling it down.
Good stuff as always Sir Marty of Norway
The lost aussie.. 😉