COPPER – A solid couple of days for the metal commodity.
We had the chart here before the breakout as usual.
The moving averages were converging and the news helped push COPPER over the trendline.
We like COPPER long term. As noted in previous posts:
If the US is going to have an infrastructure upgrade then COPPER will be involved. You can’t re-build without COPPER.
Of note also is that COPPER is used heavily in military equipment, hardware, and electronics.
Previous post from last week – Breakout Pending
Copper Breaking out today!
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