Copper has been in a bull wave. We have spoken about that a number of times on this blog. Let us see the latest chart of copper:
We had alerted when copper broke above the lower line marked in blue. The chart below is a longer term view of copper:
The KST are long term buy signals which have worked well in the past.
Finally lets see the ratio chart of copper vs gold:
This is clearly bullish. Once we broke above the lower purple line we alerted that copper has started its uptrend.
Copper being bullish is a good sign for the entire economy. We will remain bullish till the trend reverses..