COPPER Daily Chart

Copper daily chart shows the H&S pattern playing out with a 4.6 head and 3.8 neckline. That targeted the 3.0 level which was achieved. Now price works sideways getting squeezed in by a sideways triangle. Price will breakout from this 3.3-3.5 zone. Watch price in relation to the 20 week MA in relation to the 50 week MA. If the 20 MA moves under the 50 MA that is very bearish. Watch the RSI 50% level as well. The low money flow reading currently prefers to see lower prices moving forward. Projection is sideways to sideways down moving forward. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.