Live daily futures charts for your review. Click the charts for clearer views. Doctor Copper dwells below the broken support level at the SMA 200
Tag: copper
Copper & Gold, Daily Futures Charts
Well, with the risk ‘on’ macro bounce of the last couple of days Doctor Copper has stabilized at least. It is testing but still lurking
Metallic Big Pictures
Just some impressions – without the usual lines and squiggles. Man stares at charts, has some thoughts. Simple. Take it with a grain of salt
And then there’s Doctor Copper
In the previous post I noted I am wrong on gold *, at least in-day. In this post I am neither right nor wrong, as
Copper Boinks the SMA 200
Today copper hit the daily chart’s SMA 200, which was to be its next stop after failing support at 2.85. Dat’s now short-term resistance. Longer-term
1 Post, 4 Metals
It’s a metallic 4’fer beginning with the economic metals (futures). Copper for cyclicality and gold for relative counter-cyclicality. Copper is fading to support again. Sure,
Copper Fades to Support Nominally & vs. Gold
Copper futures are testing the support area again after dropping below the daily SMA 50. Not too stellar there, Doc. Copper/Gold is testing its 2019
A Metals 3’fer; Gold, Silver and Copper
Here is a chart from yesterday morning’s NFTRH subscriber update showing the breakdown from a short-term topping pattern and the relevant support areas at the
Doctor Copper Intact, Even Bullish; But No Macro Prescription Yet
Doctor Copper had a bad day yesterday, along with other commodities (and precious metals). This morning finds him holding the 50 day average on the
Doctor Copper’s Bitter Medicine Today
So the Fed has stated its goal to inflate, but it does not happen in real time. There had to be a reason for the
Just Another Boring Dr. Copper Post
But then, managing the macro markets on a daily basis can be drudgery, can’t it? It’s a good thing I get off on this stuff
Doctor Copper’s Mixed Messages Continue
So the good doctor is running low at LME & COMEX. But the daily chart of Copper Futures continues to fade a bit below very
Copper & IM vs. Gold
Here is a weekly chart from NFTRH’s Market Internals segment showing Copper and Industrial Metals vs. Gold. In other words, showing cyclical metals vs. the
Doctor Copper Fades
The intermediate uptrend is intact but the $3/lb. area remains a holdout. So, no big “party on Garth!” macro signal at this time. It’s just