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[/et_pb_text][et_pb_text _builder_version=”4.12.0″ _module_preset=”default” global_colors_info=”{}”]Alright folks, today we’re taking a look at Copper on a day where the s&p is up about 100 points or over 2%. But one market that is not following through here is copper copper is unchanged as of this recording. And so we look at the markets here, stocks do a good job of encapsulating overall risk the overall risk sentiment of investors. But as far as capturing the strength in the broader economy, we look at the price of copper specifically in order to capture the changes in demand in manufacturing activity. So we can see here that copper has held this $4 range for much of the year, but it has shown difficulty pushing out of its consolidation range between this 485 area and the $4 area specially considering the signs that we are entering a period of seasonal strength for copper. So if we take a look at a, a 515, and 30 year historical price average, you can see that this is the time of the year, right. This is the time of the year right around in here, where copper should get a bit and go higher, carrying on into the new year along with global equity strain. So concerns for the price of copper. And if you’re betting on cyclical sectors in the market, flags should be raised if copper fails to move higher based off of its seasonal tendencies that are suggested over the next three, four or five months and especially if we start breaking down below this 14 to $4 area. Now we know from a seasonality perspective that metals and mining generally are a good cornerstone, or a good cornerstone of a portfolio through the last quarter of the year and heading into the new year. But if copper continues to consolidate and ultimately breaks down due to waning demand, we’re going to see that spillover effect in some key commodity equities in the metals and mining sector. So be watchful of this range here before between 485 and the four to 410 area as it can be a good sign of what is yet to come.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
