Checking Doctor Copper’s Status

“Copper is bullish” (Captain Obvious)

From Kitco, copper inventories continue to drain down and that is price-bullish (also Captain Obvious).

copper stocks

This morning the Copper price is ticking a new high in its cyclical bull market as the global macro hangs on to its ‘reflation ON’ status.

copper price

The cyclical bull was indicated when copper took out 3.35.

copper price

A big picture view view shows a viable resistance point, if not termination point.

copper price

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