Copper Pushing Resistance

Copper flattened out after a strong breakout over the prior couple of weeks. The run to resistance at $2.90-$2.925 has temporarily stalled with Friday's high reaching $2.898. Rising support is at $2.85-$2.825. Copper use to be a leading commodity indicator of equity returns but this is no longer the case. However if the U.S. returns to a true capital-expenditure driven economy like we had in 2005-2008, copper could continue to rise.