Chart of the Day: Copper & Rubber

While the world obsesses over the direction the price of oil,  copper and rubber are rolling over.  These are the two to monitor,  in our opinion,  as China Air drops its landing gear.   Dr.  Copper is at key support and Mr. Rubber has yet to bounce and is in backwardation.   And the S&P 5oo has yet to test its 50-day moving average.  Stunning!  (click here if chart is not observable)

About these ads
This entry was posted in Chart of the Day, China, Commodities and tagged , , , . Bookmark the permalink.

3 Responses to Chart of the Day: Copper & Rubber

  1. sextisfaction says:

    we have to monitor closely over these 2 charts because they can serve as a barometer to China’s economic outlook in the short to medium term

    anyway if China is to avoid going into hyperflation, it has to slow down its economic growth and I think the sustainable growth rate should be around 7% which is the target growth rate set by the government

  2. Pingback: China’s Ghost Cities | Global Macro Monitor

  3. Pingback: China’s Ghost Cities | The Big Picture

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s