Certainly, its a key commodity to watch.WTIC Oil is in imminent danger of losing the $90 threshold.... it'd be suggestive of similar weakness for Copper.-
You were correct! Wish I had seen your comment, LOL
The $90 threshold was pretty obvious critical floor... even to me. Kinda bemused more didn't see that one.... now the issue is where is the floor?Best guess... somewhere in the $35/30 zone. I see a few touting 20s.. but really, that seems extremely unlikely, even on a brief spike lower.
Thanks Guy. Everyone keeps saying this market is about to crash, what a load of crap.Have a look at this guy from the US, his calls on the market have been killer and rediculously accurate ==> http://www.bit.ly/1fMcakIHe is saying we are about to ROCKET higher on the stock market!24 hours later, we are up. This market is not dying yet. No way. NASDAQ is at 15 year highs! WOW.
Charting libraries like koolchart, Google free chart are very useful to draw such charts.
Insightful and Useful Comment!