By Karen Starich
The following is an excerpt from the January 6th premium weekend update by Karen Starich. Astrology Traders provides specific dates and in-depth analysis of future events for the financial markets through weekly updates, trade alerts, and educational webinars. We now offer a free 2 week trial where you can sample our analysis before you are charged.
Copper could be prime for a breakout. Mars (rules copper) is transiting Aquarius while Uranus (electricity) is transiting Aries. These two planets are now also in mutual reception which in my view is another sign that we are at the initial phase of new industrial growth. Copper could begin to move higher next week, and I will highlight January 10th-13th for a bullish move. Because of the mutual reception now I like a long position in copper at current levels. Consider a long position with Southern Copper Corp. (NYSE:SCCO) near Friday's close.