Intraday Market Thoughts

Copper Divergence & Ominous Leading Signals

by Ashraf Laidi
Mar 13, 2014 16:22

As copper drops 13% & the CRB Commodity Index rises 8% YTD, the 20% decline in the copper/CRB ratio year-to-date is the biggest divergence between copper and the rest of commodities since the peak of the Eurozone debt crisis in 2011. Charts & analysis of the deepening divergence and copper's leading signal to the recent major equity selloffs.

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Copper Divergence & Ominous Leading Signals - Copper Crb Spx Mar 13 (Chart 1)

 
 

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