COPPER is one of the best investments on a 2 year basis
Investors looking for value long-term better have a look at Copper , which has been consolidating ever since its May 2021 All Time High ( ATH ). The 1W MA50 (blue trend-line) has been supporting all this time, indicating that the market has found a new long-term where buyers step in.
The last time a similar on the 1W MA50 took place was half-way through Copper’s historic parabolic rally of the 2000s. In particular, in February 2004, the market made a similar High (red flag), then turned sideways into a +1 year accumulation period, when again the 1W MA50 was supporting. Eventually that initiated the last and more aggressive part of this rally during 2005-2006. The 1W sequences between the accumulation phases of today and 2004 are also identical.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **