Sunday, July 25, 2010

Daily Markets - Watch Copper Prices To See Potential Turns In The U.S. Stock Market

Daily Markets - Watch Copper Prices To See Potential Turns In The U.S. Stock Market

Watch Copper Prices To See Potential Turns In The U.S. Stock Market

Posted: 25 Jul 2010 07:01 AM PDT

In general, copper prices travel in the same direction as stock prices, as copper is an industrial metal that is sensitive to good or bad changes in the economy.

As such, we can watch copper prices to see potential turns in the stock market.  The S&P 500 is stuck under resistance at 1,100, just as copper is stuck at resistance at $3.200.

However, we’ve seen strong bounce over the last few days in copper - could that forecast strength in stocks?  Let’s take a look at the … [visit site to read more]
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