Last September I posted a monthly chart of Copper futures to warn you that the metal has been approaching the area of strong multi-year resistance. In that very same post, I set specific triggers to watch for further price action.
Recently, one of those triggers was broken, and now it’s time to update the chart.
Chart. Copper Futures Monthly: Crucial Support Was Broken
One year has passed since President Donald Trump was elected to office. That month I wrote a post about copper’s ultimate monthly performance compared to other commodities thanks to the new president’s promises of huge infrastructure rebuilding.
Below is a 1-year performance chart of copper to see how the metal has been doing since Election Day.
Chart 1. 1-Year (from November 8th, 2016) Copper Performance
You are now leaving a Magnifi Communities’ website and are going to a website
that is not operated by Magnifi Communities. This website is operated by Magnifi
LLC, an SEC registered investment adviser affiliated with Magnifi Communities.
Magnifi Communities does not endorse this website, its sponsor, or any of the
policies, activities, products, or services offered on the site. We are not
responsible for the content or availability of linked site.