Copper Tag

Last week we noted that copper was at a critical level and further weakness could open the door to much lower prices in the months ahead. Well, that further weakness seems to be materializing today as copper drop is down almost $.05/lbs, or 1.6%....

We’ve been highlighting the weakness in the ”metal with a PhD in economics” all year so it should come as no surprise that we’re keen watchers of copper prices....

Copper, the so called metal with a PhD in economics, seems to be rolling over again at the long-term downtrend line that began in early 2011. The price of copper jumped from $2.95/lbs to about $3.29/lbs between March and July of this year, which was...

On a relatively quiet day on the markets there is one asset that is exhibiting some serious thrust. That ”asset” is copper, which has now decisively broken through an important line of overhead resistance....

The prognosis is still somewhat cloudy at the moment, as the economically sensitive metal has struggled over the last few weeks to rebound above levels that provided support last summer....

The dramatic decline in copper prices that took place at the beginning of March has taken a breather over the last two weeks as the metal has retraced about 37% of the decline that began on March 6th....