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8/23/13

Chart of the day is...

...copper, weeklies:


In its two years of bouncing round inside the three dollar range, copper has been remarkably well-behaved. Three point zero zero as a firma baseline (tested again recently), then the $3.30/lb to $3.50/lb range we currently find ourselves is probably the strongest magnetic pull of the lot. Bulls will like the thought that if copper gets popular all of a sudden, the next stop upwards looks like $3.80/lb.

There you go, that should be simplistic enough for all the nodding donkey todamoonalice brigade to start shouting about how they're gonna be rich.