Copper at multi year Resistance

Copper is at a very critical juncture. It is testing the highs it saw in 2011.

This is very critical. How it behaves at this point will send an important message for other asset classes like Equities. It might break this resistance and make All Time Highs which is very bullish. Or the resistance might hold and it starts correcting. This would be bearish for Equities.

Keep a very close look on Copper for the next few weeks to gauge what its next move turns out to be.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: