WE ADVISE ALL TRADERS TO STAY AWAY FROM YHE COMMODITIES WHICH MAINLY DEPENDS UPON CHINA GROWTH..HOWEVER LATER THIS WEEK CHINA GDP WILL BE OUT & I AM CERTAINLY EXPECTING SLIGHT SLOW DOWN IN ACTIVITIES WHICH WILL BE BEARISH ON A MARKET ALREADY SPOKED BY SLOWING RECOVERY..
As MY ALERT GIVEN THE PREVIOUS WEEK THAT CHINA REALESTATE IS MELTING DOWN & A 60,000 ACRE TOWNSHIP WITH ALL MODERN AMENITIES.. HAS TURND OUT TO BE A GHOST TOWN WITHOUT BUYERS..NOT EVEN SINGLE APARTMENT HAS BEEN BOUGHT OR OCCUPIED..SO I FEEL THIS MAY BE THE FIRST SYMPTOM OF CHINA ECONOMY FEELING THE GROWTH HIT..
AS WE WERE BEARISH IN COPPER FROM A VERY LONG TIME..BUT ONLY WE BOUGHT IT MCX ABOVE 418 FR THE NEXT RESISTANCE & TARGET 434.65 .. BUT HOWEVER WE ARE STILL INTACT WITH OUR DOWNSIDE TARGET FOR COPPER 396/380 ; INTERNATIONAL COPPER TARGET $3.990
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