Curious Copper

I don’t have too much to say at this point – except that copper is making me a bit nervous:

As you know those divergences usually end in tears. But as long as HG can remain above 4.2 we should be okay – if it drops through that mark equities may get hit in the process. This is the only fly in the bullish ointment I see right now – but it’s usually one I take very seriously. I also think that we may be due for a little reversal in equities by the end of this week – let’s see how high they can push it until then.

Alright, here is one setup on the FX side that sprung out at me:
[amprotect=nonmember] FX setup and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
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As you know currencies often blow beyond what one thought would be firm resistance. So I would give this at least until 118.5 and then try for a play back to 114ish. I just looked at a shorter term chart and we may run up a tiny bit more – so be patient and make sure you get a good fill.

I’m going to dig around for a few more of these – if I find anything I’ll post it below. So reload this page every 15 minutes or so.

Cheers,

Mole

Cheers,

Mole
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