Copper continues to show steady relative strength against the S&P 500 on the daily timeframe.
Because copper is highly sensitive to economic activity, this ratio often provides an early read on underlying growth trends and industrial demand.
Key observations from today’s structure:
• Price remains above key moving averages, reflecting improving trend stability
• RSI is firm, showing constructive momentum
• Volume behavior supports the recent advance
• ATR remains controlled, indicating steady rather than volatile movement
A rising HG1!/SPY ratio often aligns with improving macro conditions and stronger growth expectations.
Monitoring this ratio across multiple timeframes helps clarify whether economic momentum is strengthening or weakening beneath the broader equity surface.
Because copper is highly sensitive to economic activity, this ratio often provides an early read on underlying growth trends and industrial demand.
Key observations from today’s structure:
• Price remains above key moving averages, reflecting improving trend stability
• RSI is firm, showing constructive momentum
• Volume behavior supports the recent advance
• ATR remains controlled, indicating steady rather than volatile movement
A rising HG1!/SPY ratio often aligns with improving macro conditions and stronger growth expectations.
Monitoring this ratio across multiple timeframes helps clarify whether economic momentum is strengthening or weakening beneath the broader equity surface.
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Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.