March 29, 2012

COPPER Range Update

  • Copper continues to be in the range discussed in an earlier post.
  • Four hour chart shows a contracting a triangle. Price may start moving up towards the upper end of the range again. Larger move will happen only when the triangle and the range gets resolved.
  • For the larger move to be stronger one week needs to close above the Golden ratio or below 50% Fib level.

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