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July 20th, 2010: Update 4 – Dr Copper

Posted by pugsma on July 20, 2010

12:45 pm EST:  Good old Dr Copper has already recovered from Friday’s big drop and is back testing the 50-day SMA at 3.00.   If this were the SP-500, then the SP-500 would be back at the 1095 area and above the 1088 50-day SMA.  Let’s see if Dr Copper is once again a leading indicator for the next move on the SP-500…

PUG Copper Futures 60-min chart (12:32 pm):

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