Why is Copper so important to track and what can we learn from studying its price action. Copper simply put is the most used base metal in the world and really powers every aspect of world. Doctor Copper is telling us something.
Copper has had an impeccable rally of the lows, this has been confirmed with the major rally in copper mining stocks.
In this chart we have overlayed the inflation rate in orange with the price action in copper.
The inflation rate has a delayed reaction based off of the price action in Copper.
What we can observe recently is the price of copper topping 112 days before the inflation rate. Copper had a significant decline which was followed by a decline in peak inflation.
Over the last 148 days, Copper has rallied 38%. Could this mean that we are about to see a delayed spike in the inflation reading?
Copper has had an impeccable rally of the lows, this has been confirmed with the major rally in copper mining stocks.
In this chart we have overlayed the inflation rate in orange with the price action in copper.
The inflation rate has a delayed reaction based off of the price action in Copper.
What we can observe recently is the price of copper topping 112 days before the inflation rate. Copper had a significant decline which was followed by a decline in peak inflation.
Over the last 148 days, Copper has rallied 38%. Could this mean that we are about to see a delayed spike in the inflation reading?
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。