I will be on vacation until July 10th beginning tomorrow. I wish all of you a safe and happy 4th of July holiday. My wife and I will be celebrating our 27th year of marriage next week. How she has managed to maintain her sanity is beyond me!
One last note before I go. I was just looking at some charts and I wanted to let you know about a very interesting situation that is happening in the Copper market. The daily chart was showing signs of a "bear flag" formation, until today. The overnight action in Copper has allowed the SEP COPPER contract to break out of the "flag" formation. If the market is able to hold on to these gains today this could be a very good sign that the lows are in and higher prices are likely. I won't be surprised to see Copper substantially higher when I return from vacation.
Dale F. Doelling
Chief Market Technician
Trends In Commodities
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