Copper Analysis 2013-02-01

Copper is moving up!


This is a daily chart showing copper trending upward in the green channel. No matter which wedge I have drawn, copper has broken out and used it as support. I have been talking about this wedge that has been moving in slow motion which seems like forever, and how at some point copper will break out one way or the other. Why up? my only guess is inflation. Have you gone to the food store lately? it sucks.




This is a weekly chart showing another break out to the upside. The next area where she may hesitate, is at the $4.00 mark. She may hit it, pull back, then push on past.

Either way, keep scrapping and enjoy whatever price she gives you.

Happy Scrapping Everyone!