Nov 142010
The reddish metal which usually acts as a leading indicator for the equity markets, threw in a late endorsement of the recent down move.
LME Copper - Daily Charts
The sell off on Friday reiterated the "shooting star" candlestick signal of the previous trading session. Already, the momentum peaks were not in agreement with the recent swing high. Expect a test of short term support at 8155(LME Copper).
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LME Copper pulled back to 7920 and closed at 8190 yesterday.