This morning two of the leading commodities are starting the morning higher. Copper is making a new high for the year this morning as the March 2011 contract hits $4.63 a pound. The popular iPath Dow Jones-UBS Copper Subindex Total Return ETN(NYSE:JJC) is starting the morning higher by 0.39 cents to $61.43 a share. The JJC will some minor intra-day resistance around the $61.50 level. The next important intra-day resistance level for JJC will be around the $61.95 level. In any case copper remains strong and many investors and traders will look at copper as a leading stock market indicator.
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Cotton And Copper Start The Morning Higher
Posted, by inthemoneystocks on February 7th, 2011
Authored by, inthemoneystocks
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