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Copper is called: 'Dr Copper' for a good reason isn't it?
So it correlates with industrial activity and expansion of the infrastructure (road, highway, airport etc.) and the home market activity and more recently with Electric Vehicule: https://www.investopedia.com/terms/d/doctor-copper.asp
Can you be more specific on your questions? At my level of interest it correlates with Materials eg Stoxx 600 Europe Basic Resources and I monitor the correlation between copper and gold and in a certain way but with a delay in one direction or the other with major indexes as S&P500 and of course there is a correlation with the usd index and with oil price. https://yardeni.com/our-charts/
In one word it is on the top of my radar....particularly in the current period...
/HG shows correlation to /YM (expected) and both Live/feeder cattle, lol
Not sure why feeder cattle would be correlated with copper, but these things do happen, until they don't, like the rest of the
market. Maybe a demand for beef indicates expansion which then takes copper..
but a good rule...if u want up or dn....it will be close to indexs...ES/NQ....when a move round about starts....check Dec 24th bounces indx ...Dr Copper....
its related n sametime not related....rollovers...on metals work different than indexs....their hedges by producers and commercials on metals HAS to be different....hence i word this...as there is a relation n not. u cannot do this blindly.
hence if u follow the Dr....a good rule ...if u may want to follow which side Retail is on....that will keep you away from the bad trades .....so in effect dissect COT.
.....so in effect dissect COT.