coppertube

Doctor Copper’s Prescription is Un-Bullish

We had the bear viewpoint correct and sure enough, the good doctor finally explored the depths of the Air Gap (and then some). We had the reflationary bounce correct too.

Now, will our handy daily chart guide us to be correct on the view of copper as terminal? Why it’s bull flagging upward think casino patrons living in the now instead of in a projection. The projectionists will see strong resistance at 2.50/lb. and a declining SMA 200 at 2.55. The trend is what it is until reversed, and what it is is down.

copper price

Subscribe to NFTRH Premium (monthly at USD $35.00 or a discounted yearly at USD $365.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas. You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter @NFTRHgt.