A look at COPPER - November 30, 2010
317 support has held up very well after the trend reversal on 11-17. Possible head and shoulders set-up here, But like the GLD did today, I think this rips higher, pulling the market higher. Copper is a MAJOR market tell. I watch it like a hawk. RSI broke 50. Looming MACD cross. Stochs are looking sweet. 400 first target here, then new 52 week highs. Copper ran early in July before the market did. I expect the same here.

POSTED BY GTOTOY AT 8:50 PM