The commercials have been pretty good at being long for sizable rallies in this economically sensitive metal. 'Every bull market has a copper roof' and if indeed Santa comes to Wall Street, he may well ultimately bang his head on this dense, red, heavy metal ceiling. But copper may be readying a counter trend move at the least. Support areas are noted.
Tuesday, November 27, 2007
A look at Copper from a CoT point of view
The commercials have been pretty good at being long for sizable rallies in this economically sensitive metal. 'Every bull market has a copper roof' and if indeed Santa comes to Wall Street, he may well ultimately bang his head on this dense, red, heavy metal ceiling. But copper may be readying a counter trend move at the least. Support areas are noted.
