Commodity deflation is taking turns, and Copper is tagged as "it" on the downside, writes Keith this morning. Keith, as usual, is keeping a close eye on all commodity prices, but noted specifically the decline in Copper this morning.
With the US Dollar intermediate-term TREND overbought here, Keith says commodities prices can be a bit whippy, but that the overall TREND in commodities prices, like copper, remains decidedly bearish.
Here's a three-month chart of Copper.
