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Bullish prognosis from Dr. Copper

December 11, 2020 by Jim Wyckoff

Veteran market watchers know that copper is closely watched by many, for clues on the health of the collective world economy. The red industrial metal is very important for global construction–both residential and commercial. See on the daily chart for March copper futures that prices are trending strongly higher and this week hit a 7.5-year high. The rallying copper market suggests much better times are ahead for global economies. It’s also a bullish clue for the raw commodity sector in the coming months. The  Stay tuned!– Jim

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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