Global Trading Blog
Yesterday I read a couple of blogs about copper from two respected traders/analysts.Peter Brandt is bearish on the Red Metal while JC Parets from All Star Chartsis bullish on copper. Based on my analysis and looking at the charts of copper and the stock markets of the two biggest copper producers in the world, Chile and Peru, my opinion is that technically copper seems to be set up to move higher.Let's start with the chart of copper. It seems to be forming a symmetrical triangle with price currently trading over its 20-50-150 day moving averages. Volume has been the highest on ...