Monthly copper. I don't really see any point charting AVB might go to 15.5 and 16.5 all month.
Did not do a whole lot last month and just tracked moves in the USD and oil. There is some chatter about energy coming off and base metals getting a kick but I don't know what the catalyst is for that. I am expecting more of the same this month and drift between 3.15 and 2.90. Some more closes below 3.05 and a move to 2.90 is possible. Gets above 3.05 and move to the top of the range is possible. Which is good while this deal goes though and then a nice capitulation after for a trade opportunity.
Breakouts capped at 2.40 and breakdowns looking for 2.70 for support.
AVB Price at posting:
16.3¢ Sentiment: None Disclosure: Not Held