Copper drop to bottom of range?
From blog.hycmlab.com Watch this video at https://www.metalsmine.com/news/1141931-copper-drop-to-bottom-of-range.Copper has been rangebound for some time now on the daily chart caught between short copper supply and global risk-off sentiment. There needs to be a strong fundamental shift for copper traders to have a clear conviction on the near term direction. It is interesting that copper has some weak seasonals right now, so will we see some near term copper weakness? Copper is heading towards a period of seasonal weakness now from March 02 through to March 10. Over the last 25 years, copper has fallen in 16 of those years between March 02 -March 10. The average return is -1.12 % and the maximum loss has been-6.68%. Will this mean that coppers re-tests the bottom of its recent range?