Both An­glo Amer­i­can and cop­per price point to higher lev­els

Finweek English Edition - - COMPANIES&MARKETS -

TWO IN­TER­EST­ING charts are shown this week: one of lo­cal bellwether stock An­glo Amer­i­can and the other the cop­per price (in US dol­lars). An­glo is re­cov­er­ing well af­ter a Fe­bru­ary/March world­wide sell-off in stocks. In fact, it’s given a new up­side break­out.

Mean­while, the cop­per price – a gen­eral barom­e­ter of the global econ­omy – has bro­ken out to the up­side from a con­sol­i­da­tion phase. Both charts point to higher lev­els to come.

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