Chart of the Day: Copper

China accounts for 45% of global copper demand. Therefore, the price of copper is a good leading indicator for how the current simmering trade war may be affecting the economy and financial markets. The S&P 500 is teetering at a key support area. It closed beneath an uptrend line since the February 2016 bottom, but above the 200 dma […]

US Oil Price Alert

Oil is on track to break through the key psychological level of $50 a barrel after a ninth straight rise in U.S. crude stockpiles came at exactly the wrong moment, analysts said on Wednesday. The amount of crude oil in U.S. storage rose to another record high on Wednesday, jumping 8.2 million barrels from the […]