Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Copper/Breaking Down *PIC*

Copper is breaking below its uptrendline from June and more importantly is breaking below 420 price support. A break below 408 would suggest a much steeper sell off to at least the Fib 50% retracement pt and price support at 368. This was also the April/10 price high breakout pt that was successfully tested and confirmed as support last November and the SPX high as well in April/10 and is a significant price point. Copper is a leading indicator of the stock market and economy.