• 847 days Will The ECB Continue To Hike Rates?
  • 847 days Forbes: Aramco Remains Largest Company In The Middle East
  • 849 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,249 days Could Crypto Overtake Traditional Investment?
  • 1,253 days Americans Still Quitting Jobs At Record Pace
  • 1,255 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,258 days Is The Dollar Too Strong?
  • 1,259 days Big Tech Disappoints Investors on Earnings Calls
  • 1,260 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,261 days China Is Quietly Trying To Distance Itself From Russia
  • 1,262 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,266 days Crypto Investors Won Big In 2021
  • 1,266 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,267 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,269 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,269 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,273 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,273 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,274 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,276 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

What Is Copper Telling Us?

I am going to keep this piece, short and sweet as I believe the charts below will speak volumes about where we are in these markets and more importantly, where we are heading.

The world seems to be on the verge of a meltdown but, if so, why are some of the commodities telling a different story?


Copper

Copper has been on our watch list for sometime now as it is a leading indicator of economic investment and strength and with the recent upside breakout on March 2 all we can say is that copper is trying to tell us something.

Daily Copper Chart


Crude Oil

As well crude oil has found a bottom and heading higher and we are sitting at overhead resistance of $35 and looking good.

Daily Light Crude Oil Chart


Gold

Of course we are biased as we are serious investors in the precious metals, but gold also is trying to tell us something as we are on the verge of breaking to the upside out of this triangle formation (see below) and heading to the $1400 area. Gold seems to be sensing some monetary panic is coming from Central Bankers.

Daily Gold Chart

I am highly bullish on the precious metals sector, the common shares and stock warrants.

 


If you are interested in learning more about my services please join me at http://commonstockwarrants.com/.

 

Back to homepage

Leave a comment

Leave a comment