- China tightening + US payrolls growth disappointing = Bad for Copper. Now at 282.
- Monthly : Below very significant long term chart level of 285. Bearish. 238.50 next support.
- Weekly : Broken UpTL. Below previous support at 285.4. Lower highs and lower lows formed. Bearish.
- Daily : Downtrend.
- Core Book doing nicely post-NFP : Longs [CAD-1.4%, EUR-1.2%] vs Shorts [Copper-4.4%, AUD-2.1%, S&P500-2.7%] (changes on the day at time of posting).
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