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Currency effects should be minor in Copper IMHO. Today, the USD was down, and copper up a bit as a result...but that reversed quickly.

Boy, ain't THAT the truth. When I was daytrading with a prop firm in 2004, it was chop-city...the markets were just churning and churning. No trends ! Copper has made a 40 cent move down recently and I think we are going to see it higher before it goes lower. Just a hunch however.

Dec futures seems to be stuck in the 3.42 to 3.48 range now. I'm amazed it hasn't broken down even more.....yet.

Meaning copper is in demand ? Or there is an oversupply from a black market ?

DR Horton earnings news sparks weak rally in copper. ITB homebuilder ETF sells off after a huge 6 month rally. 6 month charts show gold, silver and copper somewhat all tracking together.

Poor Henry. His mathematical models stopped working. I wonder why ? Trend following bias perhaps ? I heard that Dunn is also down-and-out right now.

Gotta do it soon....I keep waiting for a "relief rally" to get short...but none has appeared in the past 3 weeks.

Dude, you know that level of collapse could potentially deflate almost all commodities, right ? We might be talking $2 copper like in 2008 !

Ah....forget the technicals ? We are looking at recession then ?

Surf - re: Copper. Whew, what a weak metal is has been past 2 weeks. Closed 3.44 basis Dec contract. 3.40 is mombo support. If broken, this guy is going below 3.00. Rationale: weak China demand; US housing market to turn weak again after a short-term spurt; the same-old, same-old: fiscal cliff...

Who is Eugene Nofri ? Trading accomplishments ?

Dec contract: 3.44 close. 4 cents away from key support level. Anyone buying down here ?

First of all, how do you really know that it is very profitable....long term ? If you know that, then it's ALREADY BEEN CODED. This is sounding like a sham/scam type of deal.

Copper the weak player today compared to Silver and Gold.

All metals fairly strong today. Dec Copper up nearly 3 cents even as equities are continuing downward. This is the first "breakaway from equities" for copper in quite some time. Likely some short covering happening here.

It keeps you from getting "pieced" though. Reduces ticket charges.

Yeah but his volume was puny...113 shares ? I don't see why that would have any impact on the fill price. Now 5000 shares bid AON, that's a lot different.

Despite incredible downward pressure, Copper held $3.44 today quite admirably. Up nearly 2 cents in Globex trading right now. $3.40 is the big one....

Indeed. Nice call Pek ! My call was for a relief rally...regardless of the winner. Boy, that was not clear thinking.