AMEX:CPER   United States Copper Index Fund ETV
Technical Analysis
As you can see in the chart, every red square is showing a consolidation period, followed by a strong rally.

Today's action is showing strength as we are seeing a potential breakout, outside the 1-month consolidation period.

Trade setup
The light-blue arrows are potential measured moves. However, I would follow the 5sma or 10sma, as a stop-exit for 50% of your position.

Fundamental Analysis
There is some concern around inflation, all though the Fed maintains he believes it will be transitory.

Here is the way I follow inflation, which is a free chart by the Federal Reserve Economic Data:
Another way is with the TIP etf.
Since the breakout, we have made a test of the last consolidation range and bounce back higher.

Chart is looking great.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.