Copper signaling recession ….

September 29, 2011 11:30am by

FusionIQ’s Kevin Lane notes: Copper as seen on this weekly chart through last tick has broken two supports first near $ 50.00 (red line) and second (green line) near $ 46.00 – this free fall on volume is more indication that the market believes we are in a recession given copper’s ties as an economic metal.

Copper Trend (2008-11)

Source: FusionIQ

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