Near Term Trend: Neutral
As of 4/6/18 close: 3.0385
UPDATE: Last week, I noted that copper futures dropped down to key support at 2.9635. I felt a break and close below that level would be a negative tell for the global economy and would likely be indicative of real trade war action.
Copper is still managing to hold up above 2.9635 support this week. Let’s see if the bulls can continue to stand their ground there.