FYI | May 01 2012
FNArena has added another video to its Investors Education section on the website. In this latest video, Jerry Simmons explains why copper may well be showing the way forward for other risk assets. Dr Copper, as the metal is sometimes dubbed due to its alleged strong correlation with global economic health, is facing stiff technical resistance at US$3.95-4.00 per pound. Simmons points out that if and when copper manages to move above this area risk assets should be off to the races!
In the same vein, Simmons is keeping a close watch on the CRB index, gold, EUR/USD, crude oil and US equities as all -each in a different form- appear to be setting up a technical picture on price charts that could eventually allow for a bullish break-out.
To view the ATW Strategic Prep Video click HERE or visit the FNArena Investors Education section of the website.
Here's the direct link: https://www.fnarena.com/index2.cfm?type=dsp_front_videos&vid=81
All views expressed are Jerry Simmons's, not FNArena's (see our disclaimer).
Jerry Simmons has over 25 years of full-time trading experience. He is the senior partner and head mentor for the “Masters” Programme within the education system at New York based Advanced Trading Workshop (ATW).
FNArena is pleased to have Jerry Simmons as a highly valued contributor to its service which aims at both educating investors and assisting them with their own market analyses.
The above mentioned videos can be accessed via the FNArena Investor Education section at https://www.fnarena.com/index4.cfm?type=dsp_front_videos)