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To: The Ox who wrote (5633)	3/23/2020 2:12:36 PM
From: The Ox	Read Replies (4) \| Respond to of 8251

One area to watch is the price of copper, EOD chart in replied post. It's currently still in a down trend. The copper price is implying there will not be a quick recovery in the building markets. At least not yet. It is possible copper is trying to find a bottom here but we still may be too early to be seeing a turn. Looking at the virus stats, the US is very early in the outbreak and it will be several weeks before we know if the curve is being flattened by our responses/actions. We appear to be in the 3rd week of exponential growth pattern. At a minimum, we should expect that curve to take 6 weeks and possibly longer, if many continue to believe this is a hoax or a scam to isolate individuals and "take away their freedoms". Oil on the other hand, is a much more difficult market to extrapolate. I can see it continuing to fall and there is so much that depends on the next couple of weeks, whether health related or market/producer related. Oil demand across the world is dropping and, at the same time, production cuts are not in place to keep pace. Companies in the patch with heavy debt loads are suspect. Time to watch and be patient, IMO. As always, I welcome the views of others!