Commodity Prices

Gold •715 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,668.20	-39.10	-2.29%
WTI Crude •40 mins	76.54	+0.69	+0.91%
Gasoline •40 mins	3.004	+0.009	+0.31%
Ethanol •716 days	2.161	+0.000	+0.00%
Silver •715 days	30.82	+1.16	+3.92%

Silver • 715 days	30.82	+1.16	+3.92%
Copper • 715 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	80.35	+0.50	+0.63%
Natural Gas • 40 mins	3.198	-0.035	-1.08%
Heating Oil • 40 mins	3.195	+0.067	+2.15%

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Ed Carlson

Ed Carlson, author of George Lindsay and the Art of Technical Analysis, and his new book, George Lindsay's An Aid to Timing is an independent…

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Copper Part II

By Ed Carlson - Mar 18, 2014, 2:04 PM CDT

Copper lost an additional 4.50% last week bringing the three week loss to a total of 9.68% - the biggest three week drop since October 2011. Thursday's intra-day low of 2.99 was only 0.03 from my price target of 2.96.

The Coppock Curve (not shown) has reached a level seen at previous bottoms in copper. Given the proximity of last week's low to my price target and the explosion of volume in the copper ETF, JJC, I'd say that was the bottom of the decline in copper. However, if 2.96 is broken, all bets are off!

Copper Chart
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