In my December 26th, 2011 blog I warned that Copper was forming a clear converging symmetrical triangle and to wait for which way the market broke. Well as can be seen above Copper (March 2011) made a clear break to the upside and never looked back. It has hit resistance at what was previous strong support at around 390. However, the measuring implications from the triangle implies 420 is still a possibility. Probably wise to consider recent support in the 372-377 area as a stop-loss point.
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