by Chris Kimble | Jan 17, 2024 | Kimble Charting
After peaking in 2021, copper prices declined sharply before bouncing around for a few years. That “bouncing” ended up following the twists and turns of Fibonacci rules. And we can see this in today’s “weekly” chart of Copper. Yes, Doc Copper seems to be under the...
by Chris Kimble | Aug 15, 2023 | Kimble Charting
Although copper isn’t the economic bellwether that it was 50 years ago, it is still an important barometer of economic activity. As you can see in today’s chart, Copper fell sharply into the 2020 coronavirus crash before racing higher and rallying just as sharply with...
by Chris Kimble | May 26, 2023 | Kimble Charting
There’s been plenty of uncertainty in the air. From our economy to the stock market to politics to war abroad, consumers are concerned. So we continue to look for facts, signals, and clues in the financial markets to tell us how to trade… but also what may come next....
by Chris Kimble | Jun 28, 2022 | Kimble Charting
Looks like the historic run higher in copper prices may be taking a breather. While we cannot say that the LONG-term rally is over. It definitely has put in an intermediate top. Back in March, we wrote about this possibility in our article, “Is Copper Repeating...
by Chris Kimble | Jun 8, 2022 | Kimble Charting
Seems the ‘Metals’ arena may be nearing a bigger move. Earlier this week, we touched on precious metal Silver, and now we will turn our attention to the industrial metal Copper. Today’s chart is a long-term “monthly” chart of Copper, highlighting why we may be at an...
by Chris Kimble | May 19, 2022 | Kimble Charting
Higher commodity prices have seeped into everyday costs (food and energy), and at the same time, interest rates have also been rising. That’s a bad combination for everyday America. But perhaps there is some relief on the horizon… at least in the form of lower...
by Chris Kimble | May 3, 2022 | Kimble Charting
Commodities have been an important theme within the financial markets and economy for several months. The price rally has ushered in inflationary winds not seen in 4 decades. But the rally has slowed to a consolidation… and in some commodities a turn lower. While it...
by Chris Kimble | Mar 25, 2022 | Kimble Charting
Copper is among several commodities with elevated prices right now. It has also formed an important price pattern that may send one of the strongest macro messages in years. Today, we look at a long-term “monthly” chart of Copper. As you can see, in the months/years...