Copper is at it's highest level since 2012. Remember, the copper to gold ratio has been saying higher rates were coming all year. Historically, stronger copper relative to gold is a sign of an improving economy and higher rates. pic.twitter.com/ibsl4VFBzw — Ryan Detrick, CMT (@RyanDetrick) February 18, 2021 Today’s Chart of the Day was shared on Twitter by […]
Chart of the Day – Tuesday, November 17th, 2020
Is #Copper getting ready to breakout of a monster base? $HGVolSpot pic.twitter.com/K4SuzU0YA3 — Ian Culley (@IanCulley) November 17, 2020 Today’s Chart of the Day was shared on Twitter by Ian Cully (@IanCulley). It’s a weekly candlestick chart of Copper futures over the past decade. Ian points out that Copper is attempting to break out from a […]
Chart of the Day – Thursday, October 22nd, 2020
Today’s Chart of the Day was shared in an article by Willie Delwiche (@WillieDelwiche). The chart shows Copper futures (top), Emerging Markets (middle), and Emerging Markets vs. the S&P 500 (bottom). Copper hit its highest level in more than two years yesterday. In the article, Willie explains, “Copper strength tends to bode well for Emerging Market […]
Chart of the Day – Tuesday, October 20th, 2020
Copper/Gold ratio is trying to break above resistance, but gold in itself doesn't look terrible. Should be a good battle to watch over the next week or two. $HG_F $GC_F $GLD $GDX $GDXJ pic.twitter.com/ULKqoQmyv1 — Matthew Timpane, CMT (@mtimpane) October 20, 2020 Today’s Chart of the Day was shared on Twitter by Matthew Timpane (@mtimpane). […]
Chart of the Day – Monday, July 13th, 2020
Approaching +30%, Copper’s rally over the last 3-months exceeds the 95th percentile of all historical observations. Overbought to be sure, but more reflective of the momentum surge often found in the early makings of a trend change. pic.twitter.com/moAGgsJXkK — Strategas (@StrategasRP) July 13, 2020 Today’s Chart of the Day was shared on Twitter by Strategas […]