Insights for protecting commodity profits

The candlestick chart shows a more defined area of weekly support being broken. This is not healthy if its closes on the low end of the weeks trade.

We continue to watch for a breakout of the sideways trading range, in either direction!

Closing near weekly lows last week was not bullish but within the ongoing sideways pattern.

For our industrial metals end users:   We continue to watch Dec Copper as it has developed a well defined sideways trading range between 3.00 and 2.70

The market is likely storing up a lot of energy to move in the direction of a break out.  Closes above 3.00 or below 2.70 will likely determine [...]