Copper showed some distinct weakness today, whilst equities largely remained flat.


Copper, daily

Dr Copper - leading the next wave lower?



Copper, weekly

Dr Copper - leading the next wave lower?


Summary

The daily cycle is clearly ready to rollover. The big question is whether the weekly cycle is about to also rollover, and put in a much smaller tower/up cycle. If Copper can break below 3.70..and soon after..3.60, then it might be a prime sell signal for the broader equity and commodity markets.

Its certainly something to watch for the remainder of this week.

Goodnight from London

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