What is Dr. Copper’s prognosis for the world economy?
Chart analysis for copper based on the weekly chart showing the intermediate and near-term downtrend. The 200 day and 50 day moving averages are identified on the chart. The RSI is confirming the intermediate downtrend. Copper is trading below both moving averages. Major support is at $3.00.
Dr. Copper has a tepid prognosis for the world economy which does not bode well for the TSX Index.
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