Friday, September 4, 2009

COPPER runs into tough Resistance

Monthly COPPER chart.

I post it as I see a similarity in the Wedge formation that was completed by a steep drop.

The other more pertaining to the present moment observation is that the last Month has just filled in the September 2008 Gap and now it is possible that there is an Island Reversal since it runs into tough Resistance (end of 2007 lows and the 2008 gap).

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