The dark brown circled region is the secret rock bottom of commodities such as copper and of commodity stocks, also per my live forewarnings in 1H-2016 and 2H-2016. The secret market accumulation was done using a reverse/inverse bump-and-dump which is bullish in nature. The market also made use of the AWSM to confirm resistances, major inflexion point and major supports as illustrated. There is a big change of trend to big uptrend now: Bullish. The markets are going bullish mode while most people are bearish, just as markets will often go bearish when most people are bullish.
Commodities, Commodity Currencies and Commodity Stocks:
Implication for Worldwide Stock Markets:
More new waves of rising tide that lifts all stocks and equities all over the world. Bull markets will continue to have strong long-stamina legs. Copper technicals imply that the whole of 2017 and whole of 2018 are guaranteed bull markets now.
Copper has important industrial usages. It implies something for industrial sector, consumption sector, wealth, general GDP growth and most importantly, health of economies and sustained health of equity markets from the top cap stocks right down to the small cap stocks.