GREY:NEVDQ - Post by User
Post by
goldguy007on Oct 11, 2021 1:40pm
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Post# 33995330
Copper Basing Out?
Copper Basing Out? Folks,
Here are two copper charts that I monitor.
These are daily closing-only prices.
Copper is trying to base out and needs a daily closing above the recent peak [$4.452] to look more convincing.
The CPER chart is for an ETF that tracks copper in real time.
The ETF holds copper futures contracts.
A close above $25.10 would be very positive and put in a close higher than prior peak.
NCU is about 6% higher, today, on the US OTC market [NEVDD].
Best,
Steve