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Copper Looks to Bottom; Cyclicals Set Up To Run

Change takes time and happens incrementally, which is exactly why we encourage readers to review a weekly library of charts to see change develop for themselves. Copper, for example, has effectively flat lined in a narrow range for the past year between $2.60-$2.90 per pound and rarely makes headlines. It’s a perfect time to pay closer attention.

Stepping back to look at the weekly copper chart provides an interesting perspective and it suggests to me that it just might be in the early stages o...

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