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Copper: Long-Term Chart and the State of the World Economy

Posted by nexvucapital on September 2, 2013

The long-term copper chart shows a +2 year correction back down to the major trend-line support. Rallies off this trend-line support have been powerful and with early signs of growth returning in both China and the EU we expect the same this time. A breach of the +2 year downward trend-line will be the confirming signal (the movement in the underlying copper equities has been up since the June lows). Remember, buying bottoms means buying before the good news is in the hands of everyone…

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Source: http://www.businessinsider.com/the-state-of-the-world-economy-2013-9

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