Kimble shows in the chart below that copper is back testing recent lows that were supported by a long-term rising up-trend line. Some of the copper stocks have been more buoyant lately, so it seems possible that this trend-line test will hold and the price of copper will bounce higher. Of course, if support does not hold at the trend-line, much lower prices are likely in store.
Bob Weir has over 50 years of investment research and analytical experience in both the equity and fixed-income sectors, and in the commercial real estate industry. He joined eResearch in 2004 and was its President, CEO, and Managing Director, Research Services until December 2018. Prior to joining eResearch, Bob was at Dominion Bond Rating Service (DBRS).
