Wednesday, July 8, 2009

FCX short was triggered

DR Copper is promulgating the patient is turning for the worse, a broken neckline is no way to bring down LME copper stock levels. FCX does copper and gold and they are both likely to head down. FCX broke a neckline. This stock is heavily traded and gamed, so you better be ready for some shakeout moves.

Charts along with new ES chart to come later.