Don't Ignore This Chart!

Copper hits support zone

Copper ($COPPER) fell with the stock market over the last two weeks. And like the stock market, copper firmed on Wednesday with a support zone around 330-340. The indicator window shows copper with the S&P 500. Notice how closely these two have been tracking over the last eight months.

100429copper Click this image for details
Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus