Loading ...Copper Cycles
I don’t really track the Cycles of Copper but FCX is on a tear here having doubled off its recent low and benefiting from uptrends in Copper, Gold and Oil. Here is a very quick and dirty analysis on Copper. If Gold is leading the rest of the CRB out of a bottom here, one would think Copper may bottom some time soon. With weak global aggregate demand, I don’t see how that will happen but here are some charts.
I really like that channel chart, nice work on that one. That one builds a strong case together with the fact that it actually has broken out of a inverse h&s on a daily line chart.