@Jako64, Just following up on your copper comments. Thought I...

@Jako64,

Just following up on your copper comments. Thought I might post these here where only 3 people will probably ever see them.

I can see what you mean on the daily, albeit in a smaller way.
However, after giving it a good looking at and playing with some ST AR lines I think it is now forming a second 'Big M' (double top) pattern.

Here's a brief spiel from Bulkowski:
http://thepatternsite.com/bigm.html

Here's one that formed last year - it looks a bit stretched in this view but is there nonetheless.


Here's the current one - it is much larger and appears to be consolidating where one might expect it to. Can definitely see the cup forming there and that may raise the possibility of a triple top, but if it fails now it think it has the 'M' factor to deal with. Watch for a Reaction mid June.

A close look at the two charts reveals some remarkable similarities if I'm correct.
Nothing significant on the forks this week but if you draw a trendline across the left low below and the middle low - the last two bars tap out nicely under it.