Copper - Macro Outlook
Welcome to my series of macro outlooks where I put together threads focused on long term perspectives for major asset classes. My goal is to provide you with a long term view that I update on a monthly and sometimes weekly basis so that you can have the means to make wise and calculated trades in the shorter term.
I have threads for assets that are typically viewed by investors and traders as market leaders. Having an idea where the market leaders are heading will give you a compass to make decisions in smaller cap assets that tend to follow.
I will do my best to keep these threads purely technical in nature.
Doctor Copper
Copper is a vital commodity to the economic machine. One use that comes to mind is in commercial and residential building wiring. An increase in price signals a strengthening in demand and the underlying economic activity. A decrease in price may signal a contracting economy. Keep an eye of the price of copper to see where economic activity is headed.
Enjoy!
I have threads for assets that are typically viewed by investors and traders as market leaders. Having an idea where the market leaders are heading will give you a compass to make decisions in smaller cap assets that tend to follow.
I will do my best to keep these threads purely technical in nature.
Doctor Copper
Copper is a vital commodity to the economic machine. One use that comes to mind is in commercial and residential building wiring. An increase in price signals a strengthening in demand and the underlying economic activity. A decrease in price may signal a contracting economy. Keep an eye of the price of copper to see where economic activity is headed.
Enjoy!
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