Thursday, March 8, 2012

COPPER: Support @ the 200day SMA a 'cheap' buy?

COPPER Daily Chart: Close @ 03/07/12

Interesting 'way-point' for Copper (and perhaps markets in general - growth concerns) @ the 200Day SMA.
Failure here (below $3.64) would go along way to suggest the 'eager' bulls could be in trouble (yet again).
Support holds & the $4.00 ceiling should be tested again for a 3rd time.