Update on Copper

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..

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