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2/26/2010 6:18:16 PM
SunSet
Posts:
-18
MAY COPPER: Just looking at the daily chart, this market has topped. It had a very extensive rally to test the contract high but could not get over the 340.00 resistance. It has started to sell off. It formed a huge outside day today. Taking out 316.60 tomorrow would trigger a sell. Unfortunately, the swings in copper are so extensive, you would have to risk too much to trade it. If copper is setting up for a second wave down, it should ultimately take out 282.90. Closed 321.00, down 4.35
http://www.insidefutures.com/article/136937/Market%20Update:%20Metals,%20Energies,%20and%20Currencies.html
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