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Commodity Chart - Copper Futures: Long Term Chart

Copper Analysis - June 29, 2006

Copper Futures - Moves don't get much more dramatic than what we have seen in the Copper Market the last few years. The price bottomed at about .60 cents at the end of 2001. Copper Futures have since move past $4.00! It has been an amazing run and one that long time copper trades have a hard time believing. Normally, you would at the $1.40 level as an excellent place to sell the market. Here we have a case that you never know how high a market can go. Don't fight it forever and lose all your money. On the other hand, trend traders certainly did well off the copper market.

Outlook on Copper Futures: As we have heard with other markets, demand has accelerated over the last few years due to China, India and out country, etc. The price of copper has moved up about $2.40 over the last 4 1/2 years. However, the price dropped about $1 in the matter of a few days. This always seems to happen in markets that make these kind of moves. When the selloff occurs, it happens swiftly. Well, are have we seen the top in this market? I would venture to say we have for some time. We may test near the highs again, but that may be a good selling opportunity.