Gavekal Capital: Can Copper Prices Continue Climbing?

Thursday, July 3, 2014

Copper prices continue to recover from weakness earlier in the year, but are approaching an area of resistance:

Taking an even longer-term view, we see just how important this level has been in the past five years:

Our point-and-figure chart also indicates that copper prices are at an important juncture on a technical basis:

About Gavekal Capital

Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
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