Will copper start the next market sell-off?

Doctor copper? What will be the catalyst that sparks the next market sell-off? Could it be a sudden unexpected rate hike from the Federal Reserve, Chinese credit event or undesirable outcome from the US elections in November?

There are many possible catalysts for a sell-off in today’s environment but a research report out from Bank of America this week wonders if the next sell-off catalyst could be a slump in the price of copper.

Doctor copper - to start the next market sell-off?

The report which puts forward this idea comes from Paul Clana CMT, technical strategist for Rates and Global FX at the bank. According to Mr. Clana’s technical charts, the price of LME copper three month rolling forward is coiling...