From The Big Picture:
Dr. Copper is weak and at risk for a downside break, according to Merrill Lynch’s technical team:
Copper futures (aka Dr. Copper) are often used as a proxy for global economic growth expectations.
Dr. Copper has a weak chart pattern and the risk is for a significant breakdown that would not bode well for global growth expectations.
The dominant pattern is a potential three-year…
Read full article (with chart)…
From Kimble Charting Solutions:
… At this time, copper finds itself nearing the end of a flag/pennant pattern at (2) in the above chart. Odds are pretty high that a breakdown in copper would “drag” the S&P 500 index to lower prices!
Copper futures have been pretty boring of late, which is typical toward the end of a flag pattern. Including today’s decline, the S&P is down around 5% from its March [...]
Cables made of carbon nanotubes are inching toward electrical conductivities seen in metal wires, and that may light up interest among a range of industries, according to Rice University researchers. A Rice lab made such a cable from double-walled carbon nanotubes and powered a fluorescent light bulb at standard line voltage — a true test of the novel material’s ability to stake a claim in [...]