Copper is extremely bullish

As updated earlier in this blog, Copper was setting up for a bullish move. The move has picked up pace and looks set for further bullish gains ahead. See the chart below:

The chart still has some work to do with the 2011 highs as resistance. But see the ratio chart of Copper vs Gold below:

Copper relative to Gold has broken past two resistance lines and is now set for further gains. Let us track both these charts while maintaining a bullish stance in Copper.

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