GREY:NEVDQ - Post by User
Post by
thomsonion Dec 24, 2014 9:09am
133 Views
Post# 23262841
Chart looking positive
Chart looking positiveNot that I am a great believer in the value of technical analysis, but NCU has broken above its 30 day average. It will have to get to about $1.65 or so to break the 90day average, at which point I might be a bit more enthusiastic about the change in trend. FCX has also bounced back from lows recently made. Could it be the copper market is somewhat oversold? There is no way of saying this for sure, but the US growth rate may have been the cause for the changing sentiment (albeit early) in Dr. Copper. I can already predict Kurds call that it is just a dead cat bounce. Remaining optimistic thomsoni