
Copper Boinks the SMA 200
Today copper hit the daily chart’s SMA 200, which was to be its next stop after failing support at 2.85. Dat’s now short-term resistance. Longer-term resistance has of course been the thick ceiling at 3 bucks. Until that is surpassed we do not go global macro cyclical, at least with an inflationary bias. It’s not rocket science. It’s Doctor Copper’s medicine or quackery. Subscribe to … Continue reading Copper Boinks the SMA 200