Doctor Copper hangs in there

The copper price is still in a bullish flag

As long as the good Doctor maintains the up-trending 200 day moving average it’s a bullish – or at least up-trending – situation. I hold CPER and COPX and was annoyed by those holdings yesterday as inflation markets sold the news of the drastic CPI. But the chart made me keep patience.

copper price (futures)

This is one of those situations that I almost wish would break down rather than hang around interminably. I actually look forward to the time when I stop speculating on Fed-manufactured cyclical inflation in favor of when…

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