Courtesy of Chris Kimble.
Gold & Silver have been hot of late! Is Doc Copper about to do the same? Possible says Joe Friday.
This chart looks at Copper Futures over the past 27-years. Copper has spent the majority of that time inside of rising channel (1).
The decline over the past year has Doc Copper testing 18-year rising support and lows of the past 8-months at (2).
Joe Friday Just The Facts Ma’am- Copper is attempting to rally off of long-term support at (3). As Copper is testing the bottom of this support channel, smart money hedgers are making a big bet that Copper will rally!
If you would like to have Power of the Pattern analysis on Gold, Silver, Copper and the miners, you would benefit from being a Metals Member.
–
To become a member of Kimble Charting Solutions, click here.
