Copper, monthly
Summary
So, Copper is on the slide, and the $3 threshold has already been briefly broken in overnight Sun/Monday Asia trading.
A few daily closes under $3, and the door will be wide open to the 2.25/00 zone. Such a drop would have huge implications for the precious metals...if not also Oil/Gas/Coal prices.
China remains a dire equity market
With the overnight drop of -2.9%, the Shanghai Comp' is back below the huge psy' level of 2000. There is now empty air to the 1750/1650 zone, right back to the collapse wave low of late 2008. I can only imagine the relentless horror the typical Chinese investor is still enduring. Six years, and still -65% or so from the 2007 peak.
Looking ahead
There isn't anything significant due tomorrow. Market will be free to dwell on any sporadic news, such as from Russia/Ukraine.
*next sig' Qe-pomo is not until Thursday.
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Goodnight from London