Near Term Trend: Bullish facing resistance
Monday at 3:30am EST: 3.1440 (+ 0.83%)
UPDATE: This week, Im covering the historically ecomically-sensitive copper futures. Copper has been on a big run of late owing to a mix of economic optimism and China hording copper supplies. Copper is trading near 3.1565 resistance. If China is to continue their buying, this resistance will fall. If not, resistance may hold and send copper down to 1.76. Id be taking profits on longs and considering shorts at current levels. Stop out on a close above 3.17. If stopped out, try again up at 3.2632 and honor stops up there on a close above 3.27. Target 2.15.