use caution as negatively sloped
but the -tve slope mitigated but strong seasonality of copper through to the end of April.
I expect a min price as indicated, but will likely see much more as the run should continue past what i have indicated.
Nice risk reward of 8+ min
Price overshoot the U-MLH of the downsloping Fork, but came back into the Fork.
Now there is a big chance that price will make a nice move to the downside.
Besides COPX I usually doublecheck with the HG1! Futures, and they are in line now.
Curious if it falls down to the Centerline, or if it stops at the L-MLH.
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