$COPPER Moves Above, One More Time

$COPPER is one of our best indicators of economic activity. It is usually early in bull markets and very weak when markets top.
We all know that $COPPER has been under pressure for a long time. I like to use a dashboard of world mining leaders to confirm moves in $COPPER.
Here is the chart live link. $COPPER

So almost all of these stocks that seem to be correlated to $COPPER have moved above the 10 WMA. We need to see this hold and actually make a solid push above.
We can also see $COPPER will face resistance at the $3.30 level.
But currently, it looks like things are starting to run. If we can continue to ride above the 10 WMA, this will be an attractive sector.

Good trading,
Greg Schnell, CMT