CPER: United States Copper ETF

AMEX:CPER   United States Copper Index Fund ETV
Because of copper's widespread applications in most sectors of the economy — from homes and factories to electronics and power generation and transmission — demand for copper is often viewed as a reliable leading indicator of economic health.

CPER ETF seeks the daily changes in percentage terms of its shares’ per share net asset value (“NAV”) to reflect the daily changes in percentage terms of the SummerHaven Copper Index Total ReturnSM (the “SCI”), less CPER’s expenses.

M timeframe BEAR
W timeframe BULL
FIB retracement 61.8 acts as support BULL
INVESTORS too negative about global growth BEAR
GROWTH continues with but with slower rate BULL
RSI W oversold with divergence BULL
MACD divergence with bears loosing momentum BULL
DXY index too appreciated expecting dollar weakness which would be good for commodities BULL
RRR favorable BULL

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