Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Patterns Suggest Copper Could Fall 30% More

Published 03/12/2014, 08:26 AM
Updated 07/09/2023, 06:31 AM

Copper

Dr. Copper are you feeling OK? You don't look so good. Copper could well be forming a multi-year descending triangle. If this pattern read is correct, should Copper break support, selling pressure should increase. A support break suggests Copper could trade another 30% lower.

So far support is still in place. This is important, so stay tuned.

My question regarding the bigger picture is, if Copper does trade lower, what is the macro message it would be sending? Should one construct one's portfolios differently if Copper falls hard?

Latest comments

Chris, if Cu could fall another -30%, what would that do/mean for silver?
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.