Proxies for US-and-China's Cycle—Lumber and Copper

In this article, we will illustrate both lumber and copper prices using the same technical indicators as described in a previous article:

Technical Analysis—Indicators that Identifies Overbought and Oversold levels

From the below charts, it seems to support Bloomberg's comment on 11/30/2019:

When it comes to financial markets, it looks like America is besting China. The U.S. economy however was off to modest start in the fourth quarter as consumers limited spending. More broadly, central bankers are worried what their cheap money policies may wreak.

Lumber Price

Copper Price

References

1. Technical Analysis—Indicators that Identifies Overbought and Oversold levels