With the current uncertainty in the global recovery. And after three months of down turn. It is perhaps time for a modest reversal. It is not coincidence that major stock around the world fluctuate in similar way. Their charts are just a result of their popularity within the markets. Most top companies are a good indication of the shape of the economy. Their charts could also suggest possible direction so that traders can speculate and plan for the future.
At the moment all charts are indicating a possible change in trend toward the upside. It will be nice to think that the Euro Zone will soon put under control their financial problems. If that could be guaranteed and with the global economy showing some stabilisation signs, it could be the perfect combination to position a trade in the mining sector.
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