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Chart of the Day: Copper

June 11, 2018 3:00 AM

Classic inverse head & shoulders pattern for the weekly nearest copper futures chart.  The break out above 2.961 puts a measured move to 3.94 in play, which is about 20 percent above the current level.  The next big number for upside resistance is 3.466.

A new bull market for copper?  Stay tuned.

Copper

Posted by macromon

Categories: Climate Change, Uncategorized

Tags: , ,

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