Monday, June 01, 2009

Watch This Market - Update



A week ago I posted a chart of copper along with my analysis as to why I was watching this particular market. As you can see in the above chart, this metal has broken out of its symmetrical triangle and is now beginning to make a move. The ETF for copper is JJC which tracks the movement of copper perfectly. The volume is a little thin but still worth trading in my opinion given the strong technical chart pattern of a symmetrical triangle.

3 comments:

Anonymous said...

Great call!
What's your target?

Anonymous said...

Any comments on Gold Kevin ?

Kevin said...

no comments on gold. I missed the long trade. oh well.

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