• Copper Could Be Sending A Bearish Signal To The Markets

    2 monthes ago - By ETF Daily News

    From Chris Kimble : Some view Doc Copper as an indicator of economic strength. If you are in this camp, it is facing an important price point.
    Doc Copper remains in a long-term downtrend; as it peaked in 2011 and has created a series of lower highs and lower lows inside of falling channel (1). It hit the top of this falling channel and two other resistance lines a few weeks ago at (2) and the 2-year rally stopped at that time.
    The recent sell-off now has Doc Copper attempting to break below support at (3). If Doc Copper continues to head south, it could be suggesting that interest rates...
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