Comments in this blog refer to my charts collection found at http://stockcharts.com
For intra-week comments go there, updated more frequently.

Wednesday, June 27, 2012

Copper blues.

Not that copper brings anything new to the story told by silver and gold; rather complements it.
Few charts of that industrial metal.
On both daily and weekly charts copper is sitting on a crucial support at 3.3 after breaking trendline supports.
However, monthly chart is the most bipolar.

It's either H&S with obvious consequences or if you had not enough lithium it's a triangle. Good thing is that we should know very soon the real story here.

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