{"id":9174,"date":"2014-02-10T23:30:11","date_gmt":"2014-02-11T04:30:11","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=9174"},"modified":"2014-02-10T23:30:11","modified_gmt":"2014-02-11T04:30:11","slug":"commodities-follow-shanghai-composite","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/10\/commodities-follow-shanghai-composite\/","title":{"rendered":"Commodities follow Shanghai Composite"},"content":{"rendered":"<p>Copper prices, bellwether for the global economy, have been consolidating in a narrow band for almost a year. Breakout above $7500\/tonne (and the descending trendline) would indicate a primary up-trend. Reversal below support at $6800\/tonne, however, would offer a target of $6000. Narrow oscillation of 13-week Twiggs Momentum around zero reflects the current indecision.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"Copper\" title=\"Copper\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-02-10-copper.png?w=525&#038;ssl=1\" \/><\/p>\n<p>The monthly chart below illustrates how the Shanghai Composite Index tends to lead broad commodity prices by up to 12 months. The Dow Jones-UBS Commodity Index is testing its descending trendline, but another decline on the Shanghai Index would likely cause further weakness. Recovery above 135 is unlikely at present, but would suggest a primary up-trend.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"Dow Jones UBS Commodities Index\" title=\"Dow Jones UBS Commodities Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-02-10-dubs.png?w=525&#038;ssl=1\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Copper prices, bellwether for the global economy, have been consolidating in a narrow band for almost a year. Breakout above $7500\/tonne (and the descending trendline) would indicate a primary up-trend. Reversal below support at $6800\/tonne, however, would offer a target of $6000. Narrow oscillation of 13-week Twiggs Momentum around zero reflects the current indecision. The &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/10\/commodities-follow-shanghai-composite\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Commodities follow Shanghai Composite&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[43],"tags":[815,1127,3100],"class_list":["post-9174","post","type-post","status-publish","format-standard","hentry","category-commodities-gold-commodities","tag-copper","tag-dow-jones-ubs-commodity-index","tag-shanghai-composite-index"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Commodities follow Shanghai Composite - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Commodities follow Shanghai Composite - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Copper prices, bellwether for the global economy, have been consolidating in a narrow band for almost a year. Breakout above $7500\/tonne (and the descending trendline) would indicate a primary up-trend. Reversal below support at $6800\/tonne, however, would offer a target of $6000. Narrow oscillation of 13-week Twiggs Momentum around zero reflects the current indecision. 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Breakout above $7500\/tonne (and the descending trendline) would indicate a primary up-trend. Reversal below support at $6800\/tonne, however, would offer a target of $6000. Narrow oscillation of 13-week Twiggs Momentum around zero reflects the current indecision. The &hellip; Continue reading \"Commodities follow Shanghai Composite\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/10\/commodities-follow-shanghai-composite\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_published_time":"2014-02-11T04:30:11+00:00","og_image":[{"url":"http:\/\/static.incrediblecharts.com\/images\/2014\/2014-02-10-copper.png","type":"","width":"","height":""}],"author":"ColinTwiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ColinTwiggs","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/10\/commodities-follow-shanghai-composite\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/10\/commodities-follow-shanghai-composite\/"},"author":{"name":"ColinTwiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5"},"headline":"Commodities follow Shanghai Composite","datePublished":"2014-02-11T04:30:11+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/10\/commodities-follow-shanghai-composite\/"},"wordCount":111,"commentCount":1,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/10\/commodities-follow-shanghai-composite\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2014\/2014-02-10-copper.png","keywords":["Copper","Dow Jones-UBS Commodity Index","Shanghai Composite Index"],"articleSection":["Commodities"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/10\/commodities-follow-shanghai-composite\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/10\/commodities-follow-shanghai-composite\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/10\/commodities-follow-shanghai-composite\/","name":"Commodities follow Shanghai Composite - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/10\/commodities-follow-shanghai-composite\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/10\/commodities-follow-shanghai-composite\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2014\/2014-02-10-copper.png","datePublished":"2014-02-11T04:30:11+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/10\/commodities-follow-shanghai-composite\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/10\/commodities-follow-shanghai-composite\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/10\/commodities-follow-shanghai-composite\/#primaryimage","url":"https:\/\/www.incrediblecharts.com\/images\/2014\/2014-02-10-copper.png","contentUrl":"https:\/\/www.incrediblecharts.com\/images\/2014\/2014-02-10-copper.png"},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/10\/commodities-follow-shanghai-composite\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"Commodities follow Shanghai Composite"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. 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","publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thepatientinvestor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/thepatientinvestor.com\/#organization","name":"The Patient Investor Pty Ltd","url":"https:\/\/thepatientinvestor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"The Patient Investor Pty Ltd"},"image":{"@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61572934660810","https:\/\/www.instagram.com\/colin_thepatientinvestor"]},{"@type":"Person","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5","name":"ColinTwiggs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","caption":"ColinTwiggs"},"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/colin58s\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-2nY","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":8338,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/28\/commodities-rise-as-the-dollar-falls\/","url_meta":{"origin":9174,"position":0},"title":"Commodities rise as the Dollar falls","author":"ColinTwiggs","date":"August 28, 2013","format":false,"excerpt":"Dollar Index The Dollar Index is testing primary support at 80.50. Bearish divergence on weekly Twiggs Momentum warns of a primary down-trend and breach of support at 80.50 would confirm. Respect of support and recovery above 82, however, would indicate an up-swing to 84.50. Crude Oil Nymex WTI light crude\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8691,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/30\/will-dollar-support-stem-gold-silver-rise\/","url_meta":{"origin":9174,"position":1},"title":"Will dollar support stem gold &#038; silver rise?","author":"ColinTwiggs","date":"October 30, 2013","format":false,"excerpt":"The Dollar Index found support at the 2012 low of 79 and is likely to test resistance at 80.50. Respect would confirm the primary down-trend, with a medium-term target of 77.50*. Breakout above 80.50 is unlikely, but would indicate strong support. The falling dollar is expected to boost gold and\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8160,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/24\/gold-rises-as-the-dollar-falls\/","url_meta":{"origin":9174,"position":2},"title":"Gold rises as the dollar falls","author":"ColinTwiggs","date":"July 24, 2013","format":false,"excerpt":"Gold broke resistance at $1300\/ounce, penetration of the descending trendline indicating that a bottom is forming. Reversal below $1300 would suggest another test of primary support at $1200. Respect of support at $1300 and breakout above $1350 is unlikely, but would target $1400. Dollar Index The Dollar Index is headed\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/commodities-gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8774,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/11\/20\/rising-interest-rates-drive-gold-through-support\/","url_meta":{"origin":9174,"position":3},"title":"Rising interest rates drive gold through support","author":"ColinTwiggs","date":"November 20, 2013","format":false,"excerpt":"The yield on ten-year Treasury Notes followed through above 2.75, indicating a fresh primary advance, with a target of 3.50 percent*. Breakout above 3.00 percent would confirm. Completion of a 13-week Twiggs Momentum trough above zero (recovery above say 30%) would strengthen the signal. Reversal below the rising trendline is\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/commodities-gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8991,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/01\/22\/crude-and-commodities-still-bearish\/","url_meta":{"origin":9174,"position":4},"title":"Crude and commodities still bearish","author":"ColinTwiggs","date":"January 22, 2014","format":false,"excerpt":"Nymex crude continues its downward trend. Respect of the descending trendline would warn of further weakness, while breach of support at $92 would indicate a decline to $84\/barrel*. Recovery above $100 is unlikely, with 13-week Twiggs Momentum declining below zero. Brent crude continues its consolidation above $105, reflecting global supply\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/commodities-gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8133,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/18\/crude-rallies-while-gold-and-commodities-stall\/","url_meta":{"origin":9174,"position":5},"title":"Crude rallies while gold and commodities stall","author":"ColinTwiggs","date":"July 18, 2013","format":false,"excerpt":"Gold is consolidating in a narrow range below resistance at $1300 -- a bullish sign. Upward breakout would penetrate the descending trendline, suggesting a bottom is forming.\u00a0 Reversal below $1270, however, would indicate another test of $1200. Failure of support at $1200 would offer a medium-term target of $1100*. *\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/commodities-gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/9174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=9174"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/9174\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=9174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=9174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=9174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}