Tuesday, April 27, 2010


Here's an interesting copper inventory chart from Reuters yesterday:

Interesting how inventory has shifted out of LME warehouses and over to Shanghai bonded ones, innit?

And here's an up-to-date price chart, daily candles:

All we need to do now is to work out what the hell they mean. I look at the price chart and see "holding pattern", not much up or downside. Anyone with a better idea?