Tag Archives: Copper
FCX…
Freeport-McMoRan Copper & Gold Inc. 57.60-70 is the level to watch for tone. This is daily and weekly resistance. Sustained price action above this level would signal further gains to come in the metals complex.
COPPER
A daily close under 45160 in the copper is needed for an outside reversal lower day. A close below 44470 would be needed for meaningful profit taking to ensue.
A.M. Look 1/21/11
Euro…We got stopped out of the Euro with a push to a small loss depending on your execution. Long Euro/short everything will continue to be the feature for the rest of the day. Close attention should be paid to these … Continue reading
SPU….COPPER
425 is the keno level in the (H) copper to monitor.. The weekly stops are below this level. A close tomorrow below this # and this metal will go into major profit taking mode and will portend more weakness for … Continue reading
A.M. Look 12/15/10
In keeping with my comments yesterday about trading to make money this time of the year, We’ll take 20-30% of the short Aussie off at the market to pay for our stop. The copper chart shows the potential of more … Continue reading