Doc Copper Peaking? Signaling Economic Weakness Ahead?

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by Kimble Charting

Is Doc Copper suggesting that economic weakness is around the corner? Possible

Doc Copper has created a series of lower highs and lower lows over the past 9-years inside of falling channel (1).

Last year Copper looks to have double topped at 2014 highs and the top of the falling channel at (2). The counter-trend rally over the past few months has it testing last years support as new resistance at (3).

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If Doc Copper peaks here and starts heading lower, it could very well be hinting of economic weakness in the near future.

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If interest rates and Doc Copper fall in unison, odds increase they are suggesting a softer economy is ahead. Keep a close eye on both friends!!!

 

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