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Copper enters its brightest seasonal phase
After a challenging start to 2024 for copper prices, it’s worth noting that February heralds the onset of a favorable seasonal trend. Historical data from the past two decades indicates that February is a month of notable positivity for copper prices. During this month, copper typically records an average gain of 4.2%, with a 70% probability of price increases. In terms of both average gains and the likelihood of price appreciation, February stands out as the most promising month for copper. This suggests that the positive price momentum seen in January may continue. Furthermore, analyzing the data over the past 20 ... (full story)