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Game Plan….Suggested to pick up Copper in this post (see post here) New stops in the chart above.
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CLICK ON CHART TO ENLARGE
Game Plan….Suggested to pick up Copper in this post (see post here) New stops in the chart above.
If you connect the highs of Jan, April and the November highs (on a line chart/closing highs) JJC broke above this line, came back and tested it as support and has moved a little higher. As posted yesterday, nice relative strength in copper has taken place of late. Am an owner with a stop on this position. News has come out that most of copper is owned by a small number of hands. I have no reason to doubt the story, yet have no idea if it is true. All stories are written with a bias/twist at hand. Boring ole me is just watching price and not asking why very often.
Hi Chris,
JJC appears to be in a rising channel dating back to early June 2010. Looks like it may hit the top at about 59. Any thoughts?
cjk