“Copper is bullish” (Captain Obvious)
From Kitco, copper inventories continue to drain down and that is price-bullish (also Captain Obvious).
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.
The cyclical bull was indicated when copper took out 3.35.
A big picture view view shows a viable resistance point, if not termination point.
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