Interdites Pelouses

Pre-Market Indicators August 20th, 2012

Interdites Pelouses

This should be “Interdites Pelouses”

Good Monday Morning NY.

  • EURUSD (1.2355)  0.24%
  • Gold Futures (GC) passing up 1600 ($1613.90)  0.17%
  • Oil Futures(CL) + 0.05%
  • S&P Futures (ES)  -0.09%
  • CAC40 -0.07% 
  • FTSE  0.34%
  • Asia (NKD)  0.11%
  • Corn Futures (ZC) + 0.56%
  • Copper Futures (HG) -1.65%
  • VIX: Yesterday’s Close 13.45
The pre-market felt green until about an hour ago. No economic news on the calendar today, and things have turned red quickly. (Though Natural Gas is the exception with a rumor of fracking approval for NY.)
The red outlier is copper. Are the predictive qualities of copper true?
Here’s a good link from crudeoiltrader. They’re also taking this as a potential topping signal.
Copper Futures (HG)