Copper broke initially from a symmetrical triangle bottom formation in the surge we saw at the back end of last year. Despite deveral attempts to go higher its failed at the weekly 200MA on each attempt.
Recently the 50MA which has been tracking the price up as support has started to level off and Copper has once again started to consolidate into another symmetrical triangle.
There will be a move up or down shortlya I favour up as these usually break in the direction of trend but watch the triangle and wait for now.
Recently the 50MA which has been tracking the price up as support has started to level off and Copper has once again started to consolidate into another symmetrical triangle.
There will be a move up or down shortlya I favour up as these usually break in the direction of trend but watch the triangle and wait for now.
