Breakout in Copper ... A Sign of Global Economic Recovery?

2016년 11월 15일

The price of copper is a good proxy for economic activity and hence the health of the global economy. Am tracking the price of copper for signs of a an economic rebound in the days ahead. My guess is the breakout in price is just a blip and prices of copper will soon fall to lower levels as we head into the new year.

2016년 12월 21일

노트

Still watching Mr Copper closely for signs of real inflation. It has retreated somewhat from its high of 2.72 a few weeks back. Strong support in the 2.26 - 2.29 zone. Let's see how the price action plays out at this region.

2017년 1월 12일

노트

Copper is now at a very interesting level. Will it breakout and thus confirming re-inflation (good for stocks, bad for bonds and gold) or will it reverse from this level and signal market weakness ahead? Time will tell

2017년 1월 21일

노트

Copper still at a very interesting juncture with a bearish tilt. Two weeks of testing trend line resistance in red and closing below the bullish blue trendline may signal that copper is hitting its limits. A drop here will see copper testing 2.44 and failure will see copper hitting 2.24.