How does Copper and Crude Oil sit with a Recession from a historical perspective?
You can see the grey lines (recession periods) coincide with sharp and swift declines in both copper and crude oil prices.
Copper thus far has breached slightly below its 50% fib retracement at $3.52 to be at about $3.50 now. A stronger USD is poised to cause a continuation of copper's decline which thus far has not shown any respite, in its straight line down.
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COPPER Charts and Quotes — TradingView
Copper Prices - 45 Year Historical Chart | MacroTrends
Crude Oil Prices - 70 Year Historical Chart | MacroTrends
