Copper is About to Hit Bull Market Territory

Copper futures have been in a bear market for most of 2022 and 2023. This was mainly caused by weakened demand due to slow economic conditions caused by high interest rates worldwide.

More recently, copper has been in a strong rally, just like most of the equity market. The price of copper futures sits just below the two hundred day moving averages.

Below these moving averages is bear market territory. If we cross above these moving averages, then some investors would consider that a technical bull market.

When you see copper prices rallying or in a bull market, then that shows that investors are bullish about future economic growth. Some investors copper futures a good indicator of the health or future health of the global economy.

Copper is used in just about everything from infrastructure to consumer goods. Basicaly anything thst is electronic or has any kind of wiring. So when demand for copper is strong, then typically the economy is strong, and copper's price will go up.

Another important point is that when copper is in a bull market then a lot of the companies related to the copper mining industry will experience good performance in equity markets.

As always, I am not a financial professional, and this is not investment advice. Be careful and be patient. Dont anticipate the market. Rather, participate in the market. Don't invest money that you vant afford to lose. Give some of your investments time and know when to cut your losses.

Don't be greedy. Don't invest in anything you don't understand. Don't put all of your eggs in one basket. Don't listen to the hype. Don't fomo or panic into or out of trades. Do your own due diligence. And just follow the trends. A trend is your friend. Good luck trading.