COPPER - Is Dead News of copper shortages had the herd rushing in yesterday but alas it looks like COPPER has completed a bearish ABC running flat correction that should see another leg down of capitulation.
The A and the C wave have potentially both closed printing a long wicked gravestone doji - very bearish, showing plenty of selling pressure.
The intermediate C reversed at 0.618 retracement and the minor wave just shy of the 1.618 extension.
I have entered s short position at the close that should compliment my FCX LEAP put.
Not advice.