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Uncharted-FX

Copper Triggers Flag Pattern, similar looking to Oil Breakout

Long
CFDs on Copper (US$ / lb) (OANDA:XCUUSD)  
Uncharted-FX  
OANDA:XCUUSD   CFDs on Copper (US$ / lb)
Trend Analysis Trend Lines Flag Copper xcuusd (Copper) Oil dollar inflation Commodities breakout Gold
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trendanalysis trendline flagpattern copper xcuusd oil dollar inflation commodities breakout gold
Copper confirmed a daily breakout of a flag pattern. Great follow through today. Next resistance comes in at previous highs of 4.80, and then likely new highs after that.

Potential retest of the trendline breakout is possible. Just normal breakout market structure. This chart interest me because it is very similar to Oil a few months back. And look what happened:

snapshot

Hoping for a similar move. Inflation trade? Metals are getting a bid, and let's not forget to give some love to Dr. Copper!
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