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.
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