After a big sell-off during the first three weeks of June, copper prices (XCU/USD) appear to have entered a consolidation period as some commodities have stalled in the face of mounting concerns about the global recovery. On the daily chart below, we can see that, since June 22, the industrial metal has traded in a range of $4.15 to $4.39, coiling like a spring and oscillating between the high and low end of the interval time and time again. This behavior, which points to indecision on the part of market participants, is often the prelude to a strong price movement once the consolidation phase in question comes to an ... (full story)