Thursday, October 25, 2012

COPPER 'pauses' to reflect, TRANSPORTS seek no such 'solace'.....

COPPER Daily Chart @ Close 10/24/2012
DOW JONES TRANSPORTS @ Close 10/24/2012
Copper has breached the 'critical' Supports circa $3.56, but not on a closing basis.
The Transports have again sold off coincident with a further bout of selling in WTI ($85.65).
Which one shall prove to be the most pertinent, will probably be evident by week's end.
Support in the S&P500 @ 1395 (1407) has yet to be challenged, so perhaps a bit further 'south' before we witness some worthy sign of a low?