Cautious Here

My Euro/Yen currency cross risk off indicator is once again flashing red.

Adding to the significance of the indicator, is the price movements of Doctor Copper lately who just broke an important support level.

Copper looks vulnerable to more selling after breaching the trendline.

A target could be as low as $3.00.

Hardly a confirmation of global economic recovery.

The next week or so should point to the direction of the economy.