The Trend Is Your Friend in Copper

Davos: What's happening in copper right now is really quite interesting. He says there are six higher closes each week in copper and obviously with each week closing successively higher historically when you see that or when that happens copper tends to be about 12 percent higher six months out. There have been eight instances of that over the last i believe ten years seven have been up only one have been down so that being said i'm going with the data copper seems to be strong based on its price action forward returns should be quite positive he says.