Copper's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
ALIGNMENT (Price & Volume)
Copper's primary trend is in consolidation. It's not aligned down or up, so the core position is neutral. Disciplined traders that nibbled the two previous bullish energy builds have not escalated their positions.
ENERGY (Diffusion Index)
Copper's energy profile is relative neutral after two large bullish energy builds. Disciplined trader that nibbled the bullish builds have been waiting months for the primary trend to flip. Falling DI & DI2 trends suggest dissipation of the bullish energy builds is underway. The fact that falling DI trends has yet to flip the primary trend is a concern.
Copper's ProIndex has been supporting/confirming the rally. See Matrix to study the trends.
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