But what about copper ?

Well gang, it's great to see my thread back to life. After the upgrade attempt, it was gone from the new release.

What a difference 2 weeks can make ! Copper has shown it's weak hand and gave up a whopping 20 cents in that time period.
Strong housing report yesterday had no positive impact on price; soaring gold/silver prices had no impact. I keep scratching my head and wondering: "What (or who) is holding this market up ?".

Keep watching the FXI for clues.
 
Finally a chart to show the recent move down.
(Jan 2010 to present - lower chart; thanks to www.quandl.com)

Copper is hanging onto the recent uptrend by a thread. It's down 5% so far this month.
Next support is $3.50; After that $3.30 looms large.
Copper appears to be decoupling from FXI for some strange reason and now it is following the precious metals to some degree.
 
Recent weakness in Copper can be attributed to the strong US Dollar. Equity markets in Asia were up 2% today....yet no strength for the red metal.
 

Here is the chart again. Someone in this thread recommended ImageShack, but I don't think they are worth using:
my image of a chart from Quandl was immediately removed.
In fact, let me re-iterate: ImageShack really, REALLY sucks.
Taking down an image of a chart without 24 hour notice ?
Sorry Dudes..your site : "super-sucks"
 
Turmoil in major equity markets today has caused Copper to slice right thru the $3.50 support level....as if it were nothing.
Next up: $3.30
 
Guys - for what it's worth I discovered Imageshack has major problems and apparently they attempted to use a bot to make the determination of a violation of their "rules".
Many, many users on that site are complaining of image take-downs that should not have happened.
STAY AWAY.
I'm trying PhotoBucket and Mediafire as alternatives.
 
Quote from syswizard:

Guys - for what it's worth I discovered Imageshack has major problems and apparently they attempted to use a bot to make the determination of a violation of their "rules".
Many, many users on that site are complaining of image take-downs that should not have happened.
STAY AWAY.
I'm trying PhotoBucket and Mediafire as alternatives.
More...

Wow i did not know that
 
Quote from cdcaveman:

Wow i did not know that
More...
This is the new "normal" in online/tech offerings.
Little things like this can end a business model...instantly.
The web has no tolerance for bad behavior....and this truly fits into that category.
I'd say Imageshack is "O-VAH". They won't die tomorrow, but they'll eventually go out of business because of this really stupid and poor decision...and the fact they have good competitors...and then couple that with the lack of response to their users.

After reviewing several complaint threads in their online forum, I was simply appalled at the lack of empathy by the company. This conduct likely reflects the principal and owner.

For anything online: That combination is quite a "killer". Look at the Groupon CEO...he's now gone. His ego killed him.
 
Copper holding the $3.50 level...even as China tanks in their equity markets. Copper seems to be up on strong precious metals prices.

There's been a ton of damage done recently, but it could be over-done on the downside.
 
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