I see further downside and I expect to rallies to be short lived. As for March futures, I see resistance at the Fibonacci level just overhead near $3.28 in March. Though I will not trade copper, a further leg lower would lead me to believe that we could see pressure in other markets as Dr. Copper knows best.
Markets To Watch
In my opinion, stock markets and energies would be the most likely candidates.
Gold speculative positions edged higher last week GOLD: Gold speculators and large futures traders advanced their gold bullish bets slightly last week after trimming bullish bets ...
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