Copper ($HG-H3) is a leading metal that many traders and investors follow very closely.
Traders can also follow and trade copper closely by using the iPath Dow Jones UBS Copper Total Return Sub-Index ETN (NYSEARCA:JJC). The JJC is also ready for a pullback at this time. Please remember, copper will also come under selling pressure when the U.S. Dollar Index futures (DX-Z2) are stronger. A fair case can be made that most commodities will trade inverse to the U.S. Dollar Index. Some leading copper stocks that could be vulnerable to downside action if copper declines include Freeport McMoran Copper & Gold Inc (NYSE:FCX), Southern Copper Corp (NYSE:SCCO), and Teck Resources LTD (NYSE:TCK).