Copper's Momentum May Lift the Miners ⛏️ The Chart Report
Chart of the Day
🏆 Today's Chart of the Day was shared by David Burrows.
Copper Futures just recorded the highest daily and weekly close on record.
At the same time, Copper Miners (COPX) have retraced back to the breakout level of their decade-long base relative to the S&P 500.
If the metal is beginning a fresh leg higher, the miners could be well-positioned for sustained relative outperformance in the months ahead.
The Takeaway: With Copper breaking to all-time highs, the miners may be setting up for a prolonged period of leadership.
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