As part of the great commodity unwind of 2012 Copper continues to drip lower.
The daily showing potential to continue its move lower towards the 100% price projection around $3.18
The weekly highlights the quite large Head & Shoulders pattern where a move to the neckline seems imminent.
The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at firstname.lastname@example.org
I am always open to questions, comments, or suggestions on how to improve this blog.