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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
an expanded version of my trading journal...
* Major World Market Indices
* Futures Markets
* U.S. Sectors and ETFs
* Commodities
* U.S. Bonds
* Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
please read my full Disclaimer at this link.

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Events

UPCOMING ECONOMIC EVENTS...
* Wed. July 1st ~ Canadian Markets closed for Canada Day holiday
* Fri. July 3rd ~ U.S. Markets closed for July 4th holiday weekend

Tuesday, November 22, 2011

Bulls & Bears squeezing Dr. Copper

Copper is being squeezed by both bulls and bears in today's intraday trading, as shown on the 1-hour chart below (note today's 10:00 a.m. volume spike).


It's currently sitting on short-term price support of 3.30 as it approaches yesterday's lows, as shown on the Daily chart below...a break and hold below could send price back down to 3.00...one I'll be watching closely over the next days/weeks: