Wednesday, March 12, 2014

Patterns suggests Doc Copper could fall 30% more!

by Chris Kimble

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Doc Copper are you feeling ok, you don't look the best! Copper could well be forming a multi-year descending triangle. If this pattern read is correct, should Copper break support, selling pressure should increase.  A support break suggests Copper could trade another 30% lower. 

So far support is still in place....This is important, stay tuned.

My question on a bigger scale is, if Copper does trade lower, what is the macro message it would be sending? Should one construct their portfolios differently if Copper does fall hard?

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