The overlay suggests a little lower before a rally. The small double bottom in the short term has a neckline at $53.90 and the pattern targets $60.54. The original, larger, double bottom still targets $68.
Copper: 200 day moving average target effectively met
Copper: The 200 day moving average target has effectively been met and the momentum on the daily chart is beginning to roll over. It is time to step back from the bullish stance on Copper at least in the short term.
Crude – A little lower and then a rally ahead?
Linear Mode
