Copper being in a bullish trend is very good news for the Economy and Equities. Copper has important uses in all daily applications and so rising prices are bullish for the Economy.
See the chart below.
This is a monthly chart of Copper with KST (Know Sure Thing) and MACD indicator. See the blue vertical lines – they indicate points when KST has given a buy signal ( 0 line crossover ).
Most of these points have been followed by good periods for the economy and Equities.
We have had a similar buy just now.
On a daily chart, Copper is above 50 and 200 day Moving average and has broken above a falling trendline.
This is bullish news and the Economy and Equities should have a good period ahead.
