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Copper takes a deep breath...thank you crude oil...

Copper takes a deep breath...thank you crude oil...

High Grade Copper COMEX:HG1!

The reaction in crude oil affected many other commodities, first of all Copper. Copper was knocking at the very last support at 242.35 cents/lb last week, and all fundamentals add pressure daily. Technically, if march copper doesn't break the key-point at 264.60 shortly, the pressure will become even bigger and the support @ 242 won't be able to hold anymore... Why not taking the chance for a new short position? Stop-loss over 265.00 cents, small risk with a BIG profit potential. www.swisscommodity.com