The Copper price gets its turn to bull in the Commodity Whack-a-Mole game
NatGas, Oil, Uranium and finally, back around to the headline industrial metal, copper, which we had noted thusly last weekend in NFTRH 676:
Over in the Metals patch, Dr. Copper is starting to hint bullish. If I am getting contrarian feelings about China I might well be getting them about copper now as well…
…With reference to copper above, the miners are on watch despite the downtrends. FQVLF (FM.TO) shows what a first constructive move would look like, busting above the SMA 50.
I subsequently added CPER and FCX (per the NFTRH Trade Log) in response to the above notes. So far, so good. The good Doctor is breaking out of the downward consolidation that began last spring, you know, as the inflationary hype was at its most feverish pitch.
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