AMEX:COPX   GLOBAL X FDS GLOBAL X COPPER MINERS ETF (POST REV SPL
Copper is setting up for a long.
It is now trading close to the saddle point as
Bill Williams describes and has nice bullish
divergence.from its previous low. This is a
technical trade and fundamentally has headwinds
with China, but none the less the chart is showing
buying pressure as the bears may have over done it
from a weekly perspective
Its worth taking another look at this after that last push down in March held. Now the ranges are tight and pressing for a breakout to the upside.
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Great charts, thanks, I love simplicity. With huge down volume I want to wait a bit and see if 8.43 is tested or exceeeded. On my radar,...... and to your success !
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