Could Copper Play Catch Up in 2014?
The Copper ETN (JJC) is poised to challenge resistance after a channel breakout this month. Notice that the ETF successfully tested the spring-summer lows with a 5+ percent bounce this month. A break above the spring-summer highs would forge a higher high and argue for the start of an uptrend. The indicator window shows Spot Copper ($COPPER) also challenging resistance. Could 2014 be the year that copper plays catch up?
Click this image for a live chart
For more info: Could Copper Play Catch Up in 2014?
Could Copper Play Catch Up in 2014?
The post Could Copper Play Catch Up in 2014? appeared first on FX FOREX.
via WordPress http://www.evvi.net/4040/trading/could-copper-play-catch-up-in-2014.html
Trading
Nessun commento:
Posta un commento