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Credit Suisse Sees Copper Price Swinging Significantly Higher
Copper price could be on the pathway to a significant swing higher if the outlook for Credit Suisse plays out in the market. Already, the price activity on the daily chart of the XCUUSD pair appears to have completed a bullish flag pattern, if the price pattern from mid-June till date is to be considered. The analysts at Credit Suisse have also noted this pattern, and that is why the bank has provided a bullish outlook on the asset. Furthermore, the fundamentals for copper are also looking bright. Slow easing of the lockdowns in the key producing areas, as well as the recovering demand in the primary consuming nation ... (full story)