copper Archives - The Steady Trader

Copper vs. S&P 500

copper finally filled that gap to the S&P 500. question now is whether teh SPX will fall or copper's drop is overdone. we tend to think the former is the play.

Copper Looking For Further Upside

I just wanted to reiterate this: Copper is often being looked to as a leading indicator for global economic growth. Whether that's true this time around or not is fairly irrelevant for my note here. Looking at the chart below I note a downward-trending channel that Copper is now looking to break out of to […]

Copper At Potential Support Level

Copper just bolted down to its 200 day moving average (red line), which could act as a level of support, if only for a bounce. Watch it here because if it jumps higher that could also be a positive for stocks.

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