The Commodity And Currency Chart Book

Copper/ weekly

1) Dr. Copper is remains constructive

2) It is at the upper end of prolonged trading range

3)Resistance is at 3.3721

4) The fundamentals (rising interest rate pressures) are supportive

 

WTI Crude Oil/ weekly

1) We are bullish on crude oil although all the gains we had (plus 7% worth) were given back last week

2) Price has pulled back to support making this a low risk entry point

3) The fundamentals (rising interest rates) are positive for crude oil

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