All three funds are trading considerably lower than both their 50 and 200 day moving averages, and have violated longer term technical trend lines.
Institutional investors will likely remain on the sidelines in the copper space until the recent turmoil in the equity markets stabilizes, and many eyes will be on emerging markets nations including China, Brazil and India as well as major consumers of copper.
A potential global slowdown in the build out of infrastructure would not deliver a positive outcome to the performance of copper and related equities.
iPath Dow Jones-UBS Copper Subindex Total Return ETN
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