Both Anglo American and copper price point to higher levels
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.