Tuesday 10 May 2011

T- Bonds & Comex HG Copper

Re Copper it looks as though we are heading to the mauve centre line to complete the wave cycle. The bonds could go either way either but since we have not yet had a CL touch and have held in a sideways pattern i think we will drift towards the black UMLP ( daily chart at bottom) Stochastics are overbought over 92.00 but ADX is OK over 36 so it comes back to larger TF forks to give you a 'tell' re market direction and they are all shouting out that price is going higher.






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