Major New Upleg Starting in Copper?
Contributed Opinion

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Copper looks ready for its next big runup, which could be massive. It has been performing very well indeed technically, as we can see on its latest 6-month chart below.

We turned bullish on it a little early a few weeks back at the time when it was at the Left Shoulder low of what has turned out to be a fine small Head-and-Shoulders bottom — after such a heavy correction, it was entitled to spend some time forming an intermediate reversal pattern.

That it has done, and as we can see on the chart, it is now complete — and according to Bloomberg yesterday morning, copper is now starting to break out, both from the H&S bottom and from the corrective downtrend, which at this point are coincident.

THIS THEREFORE IS A GOOD POINT TO BUY COPPER AND ALL THINGS COPPER.