Thursday, 17 February 2011
Copper
There have been few signs of weakness in this super strong commodity but we posted a bearish engulfing candle on Tuesday and made a lower low yesterday.180 td count comes in on Monday and we slightly overshot 180 points so watch for a possible price time square.I like that there is a potential square the day after Apple given that both are important leaders in the liquidity orgy we have been witnessing.These are only setups though and we need the 3rd ingredient (time,price and....pattern) ie a reversal
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