Dr. Copper Prescribes…

Toys for everyone from Santa?

After holding the critical support we noted in NFTRH ($3.40/lb.), Doctor copper began an uptrend.  He is dealing with a fan line now and has more resistance at $3.80.  Weekly MACD is green and bigger resistance is up at $4.00/lb.

copper

Any market rally or economic rebound is probably Memorex until 4 is put rear-view.  And even there, it’d be an inflationary rebound.

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