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4/26/16

Chart of the day is...

...copper, hourlies:


As I'm currently short a copper producer, this particular squiggly line is on my mind a lot. I'm not trying to will the metal down or shill a message to you either, I am saying that last week copper failed at U$2.30/lb once again, the same way it did in March (hopeful rally, reality kicks in) as we move into the FOMC penumbra.