dchua1969

Copper - a barometer for stock market performance

Long
COMEX:HG1!   Copper Futures
There are more ways than you and I can think of in analysing the stock market performance. From very complex charting tools to using stars alignment, for as long as stock market exists, people are obsessed with coming with tools to predict the market.

Copper , for a long time has been touted as a good stock market barometer (if you believe in it).

Using the weekly chart, we can see that copper price has hit a resistance level , back to where it was in 2011 (11 years ago). Is it any coincidence we are seeing some correction in the stock market now ?

I leave that judgement to you !
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