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Copper turning point?

56
Technical:
An hour precision chart indicates possible head and shoulder formation, negative RSI. Day precision chart indicates RSI almost at its 80s and if a divergence is to be build somewhere there is a high chance it is here.

Fundamental:
Low stockpile of copper in China has inspired a rally but at this level of stockpile ALWAYS in the past we have seen a move that rebuilds it fast within a month.

Take profit 2.5

It would be great to see gold retest 1850 from bottom and then all commodities could initiate a simultaneous correction. In the long term commodities (obviously not all of them) can only rise.

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