Copper Is Looking Sexy

I don't know why but the color of copper is soothing to me. Anyway, today we are looking at Copper which is RED hot for my reasons including seasonality which is coming to an end.

Here are some notes on Copper.

Daily Chart:

+ Top Keltner touch, complex pullback

+ Cycle Low

+ MACD momentum fast angling up (near 0) and slow > 0 (but flat)

+ Rainbow in play

+ price > 200

* Bullish seasonality until 3/6

* Squeeze starting in 195 min

Weekly Chart:

+ Weekly top Keltner touch

+ MACD Up

+ 10sma > 34 ema

+ price > 200

Monthly Chart

+ price > 200

+ 10 sma > 34 ema

+ Monthly squeeze with bullish momentum

+ Cycle low


Extra Notes

* Interestingly enough, copper shows strength in China and by default AUD because of trade.

* Shows strength in global economy, when copper is doing well, the world is usually growing.