COPPER'S WEAKNESS SIGNALLING GLOBAL RECESSION?

COPPER PRICE LOOKS VERY BEARISH SHORT TERM

Copper price looks very bearish in the short term as it underperforms most markets, Because Dr Copper (as it is often referred to) is seen as a proxy for economic activity this may be warning of the onset of a global recession. If we run COPPER (weakest on PRECIOUS METALS model) against the weakest components of each of the other sector models we find that it is going to underform them all which means it is the weakest of the weak in the short term.