iPath Copper Subindex: Gapping Below Major Support

 | Aug 15, 2014 01:13AM ET

The iPath DJ-UBS Copper Subindex TR (NYSE:JJC) has been gapping below major support levels the past two trading sessions. Not too many people if any are talking about this, but the recent fall in oil and copper prices should be viewed as a warning sign. From the highs of July, copper futures are down about 6%... that is the markets way of talking to us.