Copper above $10,000: What’s next?

From blog.hycmlab.com

The copper rally continues with momentum driven by global recovery hopes. Dr Copper is long seen as a key indicator for the health of global markets and right now the diagnosis is that the world has a clean bill of health and should enjoy the vigours of this stimulus supported environment. Make hay while the sound shines. Pullback time or more gains ahead? Markets don’t move in straight lines, so a pullback is inevitable at some point. The bullish picture remains firmly in place. This was confirmed on Bloomberg this week by the Trading house and copper bull Trafigura Group who cited ‘extraordinarily strong’ ... (full story)