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Where Next For Copper?

From tickmill.com

The markets have been going through an interesting period over the last month or so as traders continue to grapple with rising inflation expectations. One moment, yields are higher and equities are lower, the next yields are coming off and equities are taking off again. Away from the noise in those market, however, there have been some great opportunities elsewhere. one of the stand-out performers of the year so far has been copper. Copper in Demand: Copper futures have racked up a nearly 40% gain this year. Though sitting slightly off the yearly (and all time) highs currently, the base metal looks well supported and ... (full story)

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  • Category: Technical Analysis