Copper signaling recession ….

FusionIQ’s Kevin Lane notes:  Copper as seen on this weekly chart through last tick has broken two supports first near $ 50.00 (red line) and second (green line) near $ 46.00 – this free fall on volume is more indication that the market believes we are in a recession given copper’s ties as an economic metal.

>

Copper Trend (2008-11)

Source: FusionIQ

Print Friendly, PDF & Email

What's been said:

Discussions found on the web:

Posted Under

Uncategorized