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Doc Copper are you feeling ok, you don’t look the best! Copper could well be forming a multi-year descending triangle. If this pattern read is correct, should Copper break support, selling pressure should increase. A support break suggests Copper could trade another 30% lower.
So far support is still in place….This is important, stay tuned.
My question on a bigger scale is, if Copper does trade lower, what is the macro message it would be sending? Should one construct their portfolios differently if Copper does fall hard?