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While the major averages break their 50-day moving averages and technical analysts turn bearish, one commodity continues to show strength. Copper, the metal with a PhD due to its ability to accurately portray economic trends, continues to look strong. Copper futures are just a few percentage points from their highs despite the recent global downturn in markets.

Of course, this has been a persistent trend throughout the bull market. Domestic and global sell-offs have been largely ignored by copper traders as demand remains strong. Does Dr. Copper know something about global strength that the equity markets are currently overlooking?

COPP CHART OF THE DAY: DR. COPPER SAYS THE BULL IS ALIVE

Source: Dr. Copper Is a Bull Today