Copper price nears its trend decision point

Doctor Copper is in a thus far normal consolidation

The daily futures chart continues to consolidate above the SMA 50 while RSI & MAD have worked off overbought readings back to levels that saw previous pullbacks end. All normal and good.


And guess what; that needs to be the case or a world full of inflationists and copper bulls are going to get decimated. But that is bear talk from a non-bear. Right now, the trend is reflationary casino patrons’ friend. Right now…


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