Here’s a blurb from my latest piece at TraderPlanet.com discussing the recent weakness in the copper market:
However, since late September, the trend line that began in February was able to provide a small layer of support to copper traders. Unfortunately, this support was broken with Friday’ weakness. On the downside we see the price action take us to the 200-day moving average which the bulls were able to hold, at least for one day.
Go read the rest here: Copper Can Be Barometer For Global Growth (TraderPlanet)
Disclaimer: Do not construe anything written in this post or this blog in its entirety as a recommendation, research, or an offer to buy or sell any securities. Everything in this post is meant for educational and entertainment purposes only. I or my affiliates may hold positions in securities mentioned in the blog. Please see my Disclosure page for full disclaimer. Connect with Andrew on Google+.
