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.
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…
For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by PayPal or credit card using a button on the right sidebar (if using a mobile device you may need to scroll down). Keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter @NFTRHgt.
