Copper found support at the 10 week and the 40 week line this week.
Is this a bull flag? $HSI is moving higher above its 20 Month MA. India has pulled back recently but is clearly above the 20 month. Looking for a few more markets to get above. All three major European markets are above te 20 month MA. I feel like we are on a knife edge for the market. Global move higher or a substantial pullback right here? I'll be keeping an eye on good ol' Dr. Copper to help tell.
Good Trading,
Greg Schnell, CMT
About the author:
Greg Schnell, CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).
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