Copper is the metal that is supposed to have a PhD in Economics.- Price action on daily chart a bit shaky of late. Watch 275 support level on the bottom. A break = indication of reducing Risk Appetite, confirming the messages of ED spreads and USTs (but not yet in FX and Equities).
- Weekly and monthly appears toppy to me.
- Certainly am doing it the difficult way, positioning early for Risk Off. Still, one of these days, it's going to pay off large.
- Above 297 = back to the drawing board.
10 September 2009
Copper : Watch 275
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