I would also add that copper took another hit overnight and is...

  1. 2,213 Posts.
    I would also add that copper took another hit overnight and is now sitting on 3year uptrend support of a very large symetrical triangle and the 200wma.
    A break under this level will ,IMO signal the next major sell off in commodities and the stock markets is underway and that rally in the USDX to min 90 is unfolding.

    I appologise I cant upload at present however here is a link that clearly demonstrates he need for Cu to bounce right now.

    http://stockcharts.com/h-sc/ui?s=$COPPER&p=W&b=5&g=0&id=p21069150197

    PS i'm sorry for the errors in my posts but my oversize hands and an ipad keyboeard is not a good combination
 
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