Monday, January 31, 2011

ES and Copper Update 9:05 PM

ES

ES has so far bounced over the 62% retracement level and currently back-testing it.

HG

They say copper is a good commodity to follow as an economic leading indicator. Above is the copper futures, which appears as though it is ready to make a new high.

The daily MACD bounced perfectly on trendline support and on the verge of a bull signal.
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