Commodity Deflation: Copper

Takeaway: Copper is taking its turn as the latest commodity price to go lower.

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.

Commodity Deflation: Copper - copper 051413