Dr. Copper Continues Upward From a Bull Flag, Trends Remain Down

Policy makers are trying to manufacture is a cyclical inflation. A prime indicator to the success of such operations would be bullish copper.

Now it gets interesting as the good Doctor continues up and out of the latest short-term bull flag on his date with resistance beginning at 2.50 (after which comes the down sloped SMA 200 at 2.55 and lateral resistance at 2.62).

I’ll make the point again that copper is bearish because the trends say it is bearish. Some day if that changes the view will change. For now, it’s a bounce.


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