Goldman reiterated their bearish stance on Copper for 2014 and the breakdown in the XME would seem to agree with that consensus. Blame China's slowdown. Blame housing. Who knows but it's a trade! You may wish to look at the individual components of this ETF as well for indivdual signs of weakness. FCX short has been recommended previously. The chart explains it all.
You need to be a member of StockBuz to add comments!
You can't use this site and its products or services without agreeing to the terms and conditions and privacy policy.
Pardon our dust as this page is undergoing a facelift. Please report any difficulties you may experience during this phase. Contact us
You're welcome to add new charts and photos using the "Add" button found at the top/right.
- Be certain to give each a TITLE
- Select a category that best fits
- Select more than one category by holding down the "CTRL" key when selecting the second or third category.
- Add "tags" which best describe your chart so it can be located by search engines. (ex. Apple stock, AAPL, long trade)
- Since we don't charge for our trade ideas, please pay with a Tweet
Comments