Copper Trends

Pinnacle Digest writes:

Copper stockpiles from the US to China have hit 2.5 year lows and are expected to decline further. Although demand for copper remains strong, pure demand was not the only factor which led to copper's rise this week. The Dollar Index fell on Thursday and Friday leading to a rally in commodities, and in particular copper.

Paul Ebeling explains the resistance levels and when the next break out in this base metal might occur. In a recent keynote address at Byron Capital Markets' 3rd annual conference Jack Lifton, recently described copper as the “nerves of civilization.”

The growing dependence of copper is evaluated further in Paul's most recent article.

Read this article...