Just thought I’d provide a look at copper, which is testing the very tentative 2.62 support level. So far the daily prescription is an ongoing uptrend from March.
Weekly copper advises that the big trend is still of lower highs and lower lows. In other words, it’s down. But we have one indicator in particular, in NFTRH work, that is not so sure the next macro move is deflationary. So, we’ll let the good Doctor and his indicator friends sort it all out in the coming days/weeks. Right now Doc continues to prescribe ‘bounce only’.
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.