This morning Copper futures are under heavy selling, falling by more than 1% in the premarket. The iPath Dow Jones UBS Copper Total Return Sub-Index ETN (NYSEARCA:JJC) will have daily chart support at the following level as noted by the chart below...
The first level of daily chart support for the iPath Dow Jones UBS Copper Total Return Sub-Index ETN (NYSEARCA:JJC), will be $38.30 at gap window.
The second level of daily chart support for the iPath Dow Jones UBS Copper Total Return Sub-Index ETN (NYSEARCA:JJC), will be $37.92 at gap fill.
For those of you that trade copper futures, a level to watch for a quick bounce will be $3.13 please note this level is valid for today only.
For live trade alerts, join me and three other Pro Traders at, The Elite Round Table. Profit with us while learning to read the charts. You can also join are FREE email list here to get more articles like this one as well as important market updates and trade alerts.
Kiliam L.
Elite Round Table, Pro Trader
www.inthemoneystocks.com
The first level of daily chart support for the iPath Dow Jones UBS Copper Total Return Sub-Index ETN (NYSEARCA:JJC), will be $38.30 at gap window.
The second level of daily chart support for the iPath Dow Jones UBS Copper Total Return Sub-Index ETN (NYSEARCA:JJC), will be $37.92 at gap fill.
For those of you that trade copper futures, a level to watch for a quick bounce will be $3.13 please note this level is valid for today only.
For live trade alerts, join me and three other Pro Traders at, The Elite Round Table. Profit with us while learning to read the charts. You can also join are FREE email list here to get more articles like this one as well as important market updates and trade alerts.
Kiliam L.
Elite Round Table, Pro Trader
www.inthemoneystocks.com