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Monday, January 11, 2010
Copper - Possible top is bulding
Copper has stages an impressiv rally during 2009 rising 176% from bottom to the top, but we now see some clear signs, that a top might be bulding. The test of the channel top was accompanied with a Shooting star, which also could indicate that a top is bulding.
The relationship between wave A and C in the second zig-zag where equal in length at 349.47 with a high set at 352.35. A break below 335 would be first signal that a top is in place, but a break below 306 will be needed to confirm the top.
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