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 below the short-term resistance area.…
Just some impressions - without the usual lines and squiggles. Man stares at charts, has some thoughts. Simple. Take it with a grain of salt because the views are not…
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 the view of copper was…
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 resistance has of course been…
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, it can fade to 2.70…
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 bullish trend now. A cyclical…
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 SMA 200, 1240 and 1215.…
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 futures and nicely green. Still…
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 Fed to turn into a…
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 because most normal humans do…
So the good doctor is running low at LME & COMEX. But the daily chart of Copper Futures continues to fade a bit below very key resistance known as the…
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 metal of relative counter-cyclicality. The…
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 a boring and over worked…
Since Mark originally called me to attention on copper it seems to have become a minor obsession, this decision point by Doctor Copper at the long-term resistance zone around $3/lb.…