After an extended downtrend going back to 2012, copper made a Trend Reversal according to my rules and has now entered its first consolidation. The consolidation is in the form of a 4 day triangle.
An hourly chart is shown below - it brings a clearer view of the consolidation.
The trade idea is pretty simple here - go short/long in the direction of a breakout.
Set your stop above/below the triangle.
Nigel Bahadur's normal market observations - usually about the US Futures market. Occasionally though, he will express thoughts on individual stocks and FOREX cross rates.