Because of copper's widespread applications in most sectors of the economy — from homes and factories to electronics and power generation and transmission — demand for copper is often viewed as a reliable leading indicator of economic health.
CPER ETF seeks the daily changes in percentage terms of its shares’ per share net asset value (“NAV”) to reflect the daily changes in percentage terms of the SummerHaven Copper Index Total ReturnSM (the “SCI”), less CPER’s expenses.
M timeframe BEAR W timeframe BULL FIB retracement 61.8 acts as support BULL INVESTORS too negative about global growth BEAR GROWTH continues with but with slower rate BULL RSI W oversold with divergence BULL MACD divergence with bears loosing momentum BULL DXY index too appreciated expecting dollar weakness which would be good for commodities BULL RRR favorable BULL
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