The Other Metals
04/16/2009 10:12 am EST
While gold was getting most of the attention in February, the nonferrous metals index was turning higher as the weekly RS line completed its bottom formation on Feb. 6 (see line) and is up 38%. FCX completed its bottom formation at the end of Feb., while the OBV bottomed a month earlier. Good support now resides at $34-$36.50.