GREY:NEVDQ - Post by User
Comment by
bogfiton Dec 14, 2020 8:25pm
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Post# 32105999
RE:Bog; I check copper price on KITCOBASE and it shows
RE:Bog; I check copper price on KITCOBASE and it shows You see why I don't like numbers. I looked at the 60 day chart (on 6 month too oviously) and noticed that Cu had bumped up twice and fell back. Now this is a VERY short term pattern and little can be assumed for accuracy, however it appeared to me that if Cu failed to breech this level Cu might go sideways consolidating recent gains. Could be resistance becoming suppor? Worse case senario (not mentioned) is a contraction based upon cooling of speculative demand, if price goes flat. Worse case senario of worse case senario is Cu price overshoots fair value and then rebounces almost mmediaely. My God how many times have we seen this?
Like I said, I don't beleive anything i see in today's market. (And trust even less)
b.