The metal is considered the standard bearer for the general health of the world economy. Copper has an excellent correlation to economic growth. This is because copper is used by many industries like the electronics and telecom industries. Copper usually rallies when there is greater visibility into global growth because its a bell weather for capital spending.
A 94% correlation is something that cant be ignored.
Copper coming up to another major point.
Can it get through this important level? A multi year double top?
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