Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.

— Marcus Aurelius


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Monday, February 13, 2012

Copper and Crude

Copper has been leading the "RISK" rally since mid December, BUT now looks like a rest is needed with NEGATIVE DIVERGENCE shown on the chart, also coinciding with short term dollar strength...

Possible move to as low as 365, but 375 looks more likely before resumption of the trend UP, targeting 440/450 ..


CRUDE OIL also looks close to breaking our of recent consolidation and a move above 100/101 could start the next leg up there targeting 114 minimum..

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