Dr. Copper, meet Mr. Crude ...

Here it is – evidence that surging crude oil prices in the face of Libyan supply worries is too much for the global economy to handle:

Copper Futures, daily: who pulled the plug? Surging crude oil apparently is now a threat to global recovery. Not too surprising as the $100 per barrel threshold has been the pre-determined psychological tipping point for a while now. The move in crude higher has corresponded with a test of Copper’s 50-day moving average (orange line).