Doc Copper Peaking? Signaling Economic Weakness Ahead?

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).

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

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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