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Shared the above chart with Premium Members on 4/24 and early sign ups for our New Metals Research report last week, reflecting that Doc Copper was on support and that bullish sentiment towards Copper had collapsed to levels last seen at the 2009 financial crisis lows! Bullish set up/entry point was at hand.
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The above chart is an update on Copper’s action. The buy suggestion took place at (1) and over the past 7 business days, the potential that a double bottom is forming at (2) is increasing! The bullish falling wedge at support, with few investors bullish Doc Copper could help push this out of favor metal higher.
Joe Friday...If Copper does rally (Copper quote here) , it will surprise the majority of investors!
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