Patterns Suggest Copper Could Fall 30% More
Chris Kimble | Mar 12, 2014 08:26AM ET
Dr. Copper are you feeling OK? You don't look so good. 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, so stay tuned.
My question regarding the bigger picture is, if Copper does trade lower, what is the macro message it would be sending? Should one construct one's portfolios differently if Copper falls hard?
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