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Dollar is facing key 20-year resistance right now at (1) in the chart above. Should the Dollar find this resistance too heavy to break and falls in price from here, Copper (JJC) should continue to push higher! Change stop on JJC to a 3% trailing stop right now!
Bob… You stated that the 80-82 level has been support and not resistance. I stand corrected, Thank you! I was attempting to focus that the 80-82 level has seen many reversals in the markets around this price level. My pattern that is see right now is the pennant pattern that is continuing to narrow, as the series of lower highs and higher lows continues to take place.
looks like the 80-82 has always been support …. never resistance. Are you seeing something to indicate it is different this time?