Keep an Eye on Copper Throughout the Day (FCX, JJC)

Copper is currently positive pre market, up over 1%. As a former oil&gas analyst and commodity bull, I tend to pay more attention to copper and iron ore than most leading indicators. Something isn't right here and I can't quite put my finger on it. I wouldn't expect a technical bounce on a day when the stock futures are getting hit pretty hard. Maybe, just maybe the Dow Jones UBS Copper ETF JJC might be worth a look for a bounce today. You can also look at Freeport McMoran Copper FCX as well. Definitely something to keep an eye on throughout the rest of the trading day.
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Posted In: Long IdeasSector ETFsTechnicalsGlobalPre-Market OutlookTrading IdeasCopper IndustryDiversified Metals & MiningMaterials
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