Copper ETN Selling Volume Supports Fresh 11-Week Lows

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Not only did copper close at 11-week lows amid rising inventories and China demand concerns, but JJC (iPath Dow Jones-UBS Copper Subindex Total Return ETN) saw its heaviest single-day volume IN OVER TWO YEARS, supporting the downside move. Indeed, this copper move was clearly not some random drip lower on a quiet market day.

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One Response to “Copper ETN Selling Volume Supports Fresh 11-Week Lows”

  1. […] copper at 11-week lows amid China demand concerns, the daily chart of the Shanghai Composite is pretty clearly breaking […]

Comments are closed.

Copper ETN Selling Volume Supports Fresh 11-Week Lows

113 views

Not only did copper close at 11-week lows amid rising inventories and China demand concerns, but JJC (iPath Dow Jones-UBS Copper Subindex Total Return ETN) saw its heaviest single-day volume IN OVER TWO YEARS, supporting the downside move. Indeed, this copper move was clearly not some random drip lower on a quiet market day.

_________

12631.png”>12631.png” alt=”” width=”590″ height=”390″ />

One Response to “Copper ETN Selling Volume Supports Fresh 11-Week Lows”

  1. […] copper at 11-week lows amid China demand concerns, the daily chart of the Shanghai Composite is pretty clearly breaking […]

Comments are closed.