FREE Guide - 5 Chart Patterns You Need to Know!

Dr Copper

What does Dr Copper mean?

Copper is often referred to as “Dr. Copper” for its unique ability to forecast economic trends. Historically, Copper has been considered a barometer of the overall state of global economic activity as its high thermal and electrical conductivity has multi-purpose industrial applications. It has $60 billion futures market.

Futures Knowledge Explains Dr Copper

There is a close correlation between copper price and global economic conditions. The 2008 crisis had pulled down copper prices to $1.5/lb from $4/lb. The US and the China are biggest consumers of copper, a base metal. With the revival of the US economy, copper prices hit all-time high of above $4.5/lb in early 2011. But as the Chinese economy started slowing down, the 'Dr. Copper' started downward journey pushing prices below $2.5 in early 2015.

Get Your FREE Technical Analysis Guide!
Timing is everything, and with this guide, you'll learn how technical analysis can help find the right time to enter and exit your futures trades. Nearly 30 explanations and examples of the most popular technical analysis tools are all in this one handy guide. It's like having a futures trading mentor at your side!