Tuesday, December 11, 2007

Copper - The Short Term Skinny

Copper is very close to showing where it wants to go over the short term.

A break on either side of the triangle will bring about a 40 cent move in the price of copper, a very respectable amount of movement to trade.

Because of the fact that the pattern is a symmetrical triangle we have no clue as to which way it will break.

The important feature of this is to jump on board of the direction that it breaks.

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