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Copper signaling recession ….

Posted By Guest Author On September 29, 2011 @ 11:30 am In Commodities,Economy,Markets | Comments Disabled

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.

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Copper Trend (2008-11)

[1]

Source: FusionIQ [2]


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[2] FusionIQ: https://www.fusioniqrank.com//

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