Doc’s Daily Check-in

Since Mark originally called me to attention on copper it seems to have become a minor obsession, this decision point by Doctor Copper at the long-term resistance zone around $3/lb. So here is today’s bit of micro management.

Copper daily (again, click charts for larger, clearer view *) is still screwing around at the recent highs… up, down, up, down in preparation for…

…the prescription of

  • Global Macro Bull or…
  • Global Macro Bear

Arguing in favor is the warehouse stocks.

lme copper stocks

Still trying to argue against is long-term resistance.

copper

Meanwhile, we casino patrons wait with wild-eyed anticipation… or maybe just ignore the whole thing. I don’t know. I am just tracking it equal parts bored and anticipatory. In other words, as with stocks, precious metals and the whole macro boat I am just thinking ‘go bull, go bear but just get on with it already!’

* In the ongoing effort to give NFTRH the best tools available I have recently taken a premium subscription to Trading View (to go along w/ premium subs at stockcharts.com, sentimentrader.com, etc.) in order to get access to metals and some really far reaching markets, in-day.

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