Chart of the Week (Bonus!)
We couldn’t just have one “Chart of the Week” this week. We need two.
Figure 1. Copper/ weekly
Our bonus “Chart of the Week” is a weekly chart of copper, that metal with a Ph.D. in economics. Copper has closed below the 370 support level, and this is bearish. This is a reflection of global economic weakness. “Risk off” appears to be the predominant theme amongst various asset classes. Proceed with caution.
More on this topic
(What's this?)
Massive Short Squeeze in Copper
(Gold Stocks Today, 5/3/13)
Investing in Chinese Copper Demand
(Wealth Daily, 5/14/13)
How a Dangerous Landslide Could Spike the Copper Price
(Gold Stocks Today, 4/30/13)
Category: Technical Analysis
