2012 A Breakout Year For Copper
Copper is headed for a major move in 2012, and as I write this we are days away from the start of this move. I will come back to the fundamentals of why Copper is about to have a huge breakout this year, but first lets look at the chart.With Copper's Close at 3.89 Friday you have one of the most significant technical events happening. The Golden Cross
, when the 50 day simple moving average crosses above the 200 day simple moving average. The Golden Cross is the mother of all Bullish Buy signals and it's happening now.I think this is the beginning of the larger term move that will propel Copper to Have A Blue Sky Breakout when it breaks the 4.75 level. Once this happens I believe we Can Copper in the 6-9 area by the end of year, making 2012 a breakout year!
See Charts $COPPER
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