Copper Tag

Copper, Oil and Cyclicals All Turning Lower Right on Cue

30 Mar, by Bryce Coward, CFA in Markets

The impressive rallies of late in the industrial commodities could be nearing their end. Both copper and oil are bumping up against substantial resistance at their own 200-day moving averages that have acted to put a lid on previous rallies. Meanwhile, and not coincidentally, the...

Copper Failing at the 200-Day?

15 Mar, by Bryce Coward, CFA in Markets

After the nearly 20% bounce that has taken place since the January lows, copper may now be running into intermediate-term resistance that could keep the rally capped for now. That resistance is the 200-day moving average, which has kept a lid on all the rallies...

China’s Economic Slowdown Starting to Affect its Neighbors

26 Jun, by Bryce Coward, CFA in Economy, Markets

The last few weeks has seen some notable weakness in a few economic indicators in peripheral Asian countries. We've noted the connection between falling Chinese industrial output and copper and oil prices for some time, but now the Chinese slowdown is being felt in things...

Dr. Copper Is Down, Not Out

19 May, by Knowledge Leaders Team in Markets

While it is too early to really get our hopes up, it is worth noting that Dr. Copper has clawed its way back above the long-term support that it violated earlier this year: And though its efforts to overcome the downtrend seem to have faltered a...

Can Crude and Copper Keep Rallying with China Slowing?

14 May, by Knowledge Leaders Team in Economy

Yesterday saw the monthly slue of Chinese economic stats and the key feature among them was the continued broad-based weakness. The weakness in some of these statistics has been so pronounced (some things like IP and retail sales are at levels near or below those...