Doctor Copper’s Mixed Messages Continue

So the good doctor is running low at LME & COMEX.

lem copper stocks

nymex copper stocks

But the daily chart of Copper Futures continues to fade a bit below very key resistance known as the round number 3. Also, RSI’s trend is weakening. There is by the way, significant short-term support at the 2.82 to 2.85 level. Click charts for full view.

copper futures

As for resistance, it is the long-term chart that defines why that area is so important for Doc to take out.

copper futures

And so the wait continues for Doctor Copper’s macro prescription. It’s amazing how slowly all sorts of different markets are moving these days with we casino patrons just hanging around in the Waiting Place.

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