COPPER Daily Chart; 10-Day Losing Streak Longest in a Half-Decade

Is there a doctor in the house? Yes, but Dr Copper is laying on a gurney in the emergency room with Nurse Cratchett applying the paddles. Everyone clear! Zap. Unfortunately, Dr Copper is still lacking a pulse. The other yellow metal drops for 10 consecutive days a losing streak not seen in five years; it is one for the record books.

America, China and the world are so excited about the trade deals that Doctor Copper jumped from a skyscraper into a small children's wading pool of water. Copper should be on a bigtime rally now since the trade barriers are removed and the global economy is supposed to be in go mode, unless, it's not. Copper, that has a PhD in economics, says the economy is ill. The red lines show the neggie d spankdown that was expected in this daily basis.

The tight band squeeze (pink arrows) show an initial move higher but that was a fake-out, then whammo, a bludgeoning with a baseball bat pushing copper down the basement stairs. It is ugly. The lower band is violated so the middle band at 2.77 and falling fast, is on the table. The RSI and stochastics are oversold so price will bounce on this daily basis, however, the indicators are all sloping lower, weak and bleak, wanting to see further lows in copper after any day or few-day bounce occurs. Copper should place a stronger bottom, on this daily basis, in a few days once the indicators positively diverge. Nurse Cratchett is calling for help. Copper is tarnished and soiled; that ain't no patina. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added 9:58 AM EST: Copper is down -1.90, 0.7%, to 2.535, with an 11-day losing streak in progress. Will the streak expand to 11 days or will it end today at 10?