What is Dr. Copper’s prognosis for the world economy?

Copper Weekly Chart courtesy of StockCharts.com
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.
Reference the last chart analysis for copper.
Reference the last chart analysis for the TSX Index which is positively correlated with copper.
Reference my chart analysis for copper which showed the correlation between copper and the TSX.
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