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The charts and comments in my Blog (posted in Eastern Time) represent my technical analysis and observations of a variety of markets...
*World Indices *U.S. Indices *Futures *U.S. Equities & Sectors *ETFs *Commodities *Forex
...an expanded version of the "Observations" section in my private Daily Trading Journal.

*** N.B. to my readers: Although I stopped trading in July 2013, I still take a peek at the markets now and then and post the occasional article here on my Blog.
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Paris

Paris

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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: