Mr Copper PnF Chart Analysis12/03/2016.

With the wonderful PnF charting available @ StockCharts.com, lets have a look at the tentative bullish price objectives of the commodity copper.

Three Tentative Bullish Price Objectives taken from the most recent basing pattern are shown.

I believe the software at StockCharts.com calculates vertical counts. My reasoning for that isĀ , the vertical count taken from the LOW POLE (in Yellow) gives us the same objective as the software. But in addition to that, there are another two horizontal counts which I took. All of these counts are valid and active. It will be interesting to see how close the commodity copper may get to them.

Average of all three counts are @ $2.64

Q. Are we in the beginning of a new commodity bull run I keep asking myself ?

A. That is what our charts may be telling us.

Box Size 2 Cents,H/L,3Box,Daily PnF Copper chart below courtesy of StockCharts.com.

copperpnf

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