Copper is currently sitting between two supports - 2 & 2.05. Copper hasn't been holding up too well but I have a feeling 2 will hold.
I am thinking about going short. I think we will see 1.50 sooner rather than later. Maybe we'll get some solid support in the low 1 dollar range.
I agree. The way it blew through 2.05 and then 2.0, I don't see any relief. Copper is one of the most affected by the recession predictions.
Its dropping like a rock now. Hope you got in. If only I had my brokers setup to trade copper. Just terrible.