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.
Still trying to argue against is long-term resistance.
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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