JJC Copper Weekly Chart

JJC copper chart showing the importance of the price, 10 EMA and 20 MA relationship, and the predictive behavior that follows. Dr. Copper called the March 2009 bottom, then a stutter step in the January 2010 sell-off but that wasn't even a flesh wound. In the April-May 2010 broad market sell-off, however, the indexes were cracking, Dr. Copper was rolling over and indicators pointed towards lower prices moving forward. But, Chairman Bernanke saved the markets with QE2 as evidenced by copper's joyousness from late summer 2010 forward. What do you think? Is it time now for another blue circle trend change?

Negative divergence blue lines spanked JJC down three weeks ago, JJC appears to be rolling over. Doji print last week may be marking a short term top, confirmaiton will be required this week. Price piercing the 10 EMA is a big deal, now only one dollar above, if price hits 58.50 crossing down thru the 10 EMA, that will be met with accelerated selling in the broad markets. Watch it like a hawk. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.