Weekly updates on the Financial markets with a focus on the underlying trends that are moving asset classes. I focus on economic fundamentals and inter market relationships between different asset classes in order to determine market direction. Emphasis is also on technical analysis of chart patterns.
Thursday, January 19, 2012
Copper breaks out!
We've seen some significant movement in the commodities this week with an especially strong showing from Dr. Copper:
As you can see, it's broken out of a multi month consolidation triangle and once it clears the 3.88/3.90 level it's off to the races!
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