{"id":5943,"date":"2012-09-05T16:06:52","date_gmt":"2012-09-05T21:06:52","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5943"},"modified":"2012-09-05T16:06:52","modified_gmt":"2012-09-05T21:06:52","slug":"copper-breaks-out","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5943","title":{"rendered":"Copper Breaks Out"},"content":{"rendered":"

Yesterday, the Russell 2000<\/a> broke out and closed at its highest level since early May (on a closing basis). Today copper broke out. It still has some resistance between today’s close and 3.55, and then there’s a thin area between 3.55 and 3.60. Copper is important. A higher price implies strong demand which implies a healthy economy. It also implies China’s slowdown may be nearing an end. Copper doesn’t have to lead, but it can’t lag too much. This development is another good sign.<\/span>
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