Investors most-bearish on copper since 2016

From marketpulse.com

The uncertainty surrounding the next stage of US-China trade talks at the end of this week, with the March 1 deadline fast approaching, has kept COPPER prices under pressure for the last few sessions. Prices had reached a 4-1/2 month high late last week, but once again failed to breach resistance around the 2.8420 level. If the pressure continues for the rest of the week, copper faces its first weekly loss in six weeks. The 55-week moving average at 2.8668 looks poised to close below the 100-week moving average at 2.8723 for the first time since March 2017. Speculative investors increased their short copper positions to their highest since ... (full story)