Copper breaks support…. weather vane is predicting bearish global weather is ahead!

 

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Nine days ago the Power of the Pattern suggested that Copper could drag the 500 index lower (see post here)

Copper is often viewed as a predictor of the "Economic Weather" that is about to come.  Copper is breaking key support and below is flag pattern at (1) above.  In the past Copper breakdowns have suggested a slowing global economy!

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One Comments

  1. the three yr chart looks like a big head and shoulder formation.