 Good afternoon, ladies and gentlemen. I just thought I'd do a quick supplementary video this week because despite something on the charts that I think really does bear a mention. Before I get into that, on this sunny Friday afternoon on the 26th of February, 2021, just take you through a risk warning because it's just a question of housekeeping for compliance purposes. Nonetheless, what I'm going to be talking about here is a couple of interesting patterns that I as a technical analyst are going to be watching quite closely over the course of the next few days. And that's simply because as an analyst, first and foremost, I like to see evidence of a potential turnaround, a potential reversal or a potential for a particular price move to take place. And one of the things that I use to do that, something called correlation, certain markets correlate with each other quite nicely. And one of the things I've noticed, and you may have seen that I've got three charts up in front of me, one of the things I've noticed over the course of the past few months is how copper prices, I think more or less tracked the rise in stock markets. If we look at, say, for example, the S&P 500 here, we can see that it is slowly embarked on a slow move higher from the March lows of last year. And it's been a fairly steady move. Yes, we've seen the occasional pullback, but nonetheless, we've seen a fairly decent progression higher. However, in the last couple of weeks, there is some evidence of a potential turnaround in sentiment, but more than anything, we obviously need to break below this trend line here. And ultimately correlations are only as good as when they stop working and then they're no good at all. So we do have to also bear in mind that sometimes when a correlation breaks down, it can catch us out. So we can't just look at the correlation all by itself. So let's look at copper prices. So copper prices here, again, nice steady uptrend, and again, the occasional pullback, but nonetheless, we have gone steadily higher from those March lows up until the last couple of days where we've really accelerated higher since the beginning of February on supply versus demand concerns, ultimately the use of copper in renewables and electric cars in battery technology, solar technology has driven a massive move higher, but we've now slipped back a little bit and we've posted a key day reversal or a bearish key day reversal on the daily candlestick chart. Now that might suggest that we do a little bit of a pullback. And in conjunction with those mining stocks, what we've, sorry, those copper prices, we've also seen mining stocks move higher as well. Companies like Anglo-American, BHP, Billiton, Rio Tinto. I've noticed something on the Anglo-American chart which really does intrigue me. Someone who likes looking at Japanese candlestick charts, this is called an island doji reversal. And generally it's a warning sign that upward momentum is starting to run out of steam and we could be about to embark on a little bit of a retest lower. So what's gonna be the catalyst for that test lower? Well, for a start, we'll need to take out this series of loads through here. Ultimately, any type of reversal pattern always needs confirmation. So you can't just say, there's a doji reversal, we're going to go down. Doesn't work like that. You need confirmation of the particular move. So what we'd wanna see is not only Anglo-American share price starts to rotate lower, we would need to see copper prices start to rotate lower. No market goes up in a straight line. The moves that we've seen over the course of the past few weeks are going to be susceptible to a correction. So while the overall upward trend remains intact, we are going to get pullbacks. This chart here is telling me that we could be susceptible to a little bit of a pullback and a little bit of weakness in overall copper prices which could translate into some weakness in copper prices as well. So that's it for this brief technical analysis update on Anglo-American copper prices and broader markets in general. Thanks very much for listening. This is Michael Houston talking to you from CMC Markets.