The Other Metals

04/16/2009 10:12 am EST

Focus: STOCKS

Thomas Aspray

, Professional Trader & Analyst

chart

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.

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