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March 11, 2009

Copper

A late night for the Docman finds him peering at the copper chart and referencing himself in the third person. I would have to say... err "he" would have to say... the trade is well-defined at this point:

copper chart

So, a close below the breakout level forces long positions to close, whereas a break high from the wedge could push price nearly 20% higher. I suspect we'll get our answer this week.

 

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