Prices Indicate That Deflation Continues
A new SELL trigger analysis for the COPPER market was indicated using the Excalibur Method as our guide.
The chart below shows two of these SELL points for the Copper Market. These continued declines further confirm the global economic slowdown and the deflationary environment that is actually at play in the world.
Watch for lower prices to confirm the new break downwards. If prices rise above $3.45, then, this would indicate that renewed momentum is in play and the end of deflationary prices in Copper may be coming to an end. – George