Copper Holding Up

07/10/2009 10:09 am EST

Focus: STOCKS

Thomas Aspray

, Professional Trader & Analyst

chart
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Even though many of the materials and metals stocks have been hit hard in the past week, the copper futures have held up well. The September contract shows that converging support in the 210-215 area has been tested. A breakout above 235 would signal a move to the 270 area. Now is a good time to take a look at the copper stocks.

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