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Copper ETFs and copper stocks about to move big

Posted on 03 January 2013

With 2012 now behind us it’s time to start looking for some new long-term investments that have big potential gains in the New Year. Copper is one metal that has caught my eye.
The long-term monthly chart of the copper ETF JJC shows a potential cup and handle pattern accompanied with bullish volume characteristics. Last year copper traded sideways in a narrowing range. This type of price action tends to bore traders and investors forcing them to look elsewhere for new trades. The saying is “If the market doesn’t shake you out, it will wait you out.”……………………………………….Full Article: Source


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This post was written by:

VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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