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Despite the lingering uncertainty out of Europe, the charts of copper giant Freeport McMoRan and the ETF for China are forcing many a bear into an increasingly difficult position. As you can see below, those potential inverted head and shoulders bottoms look to be coming to fruition by the day. We have seen similar potentially bullish setups in recent months, only to see them fizzle out. This time, though, we are seeing more aggression on the part of the bulls when they need to step up. Both of these charts have plenty of room to run above.
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Amazing pic as always. I’m staring at FCX (and her) as well; still reticent w respect to pulling the trigger, as I’m having trouble believing the copper chart. Heck comods as a whole have me scratching my head. Sudden dollar strength could bludgeon the whole complex, and who knows when Europe’s little deleveraging binge will come to an end, bringing fundamentals to the fore.
Thanks, Rob.
you should follow Ilikegirlsdaily on twitter.
You’re welcome.
They are not up to my standards, sorry Todd.
Chess, I have to ask: where do all these pictures come from? You seem to have a limitless supply of pictures of beautiful ladies. My current hypothesis: BALLER!
That is a sound hypothesis, my friend.