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Copper: Looking for Buyers on Dips
Copper futures look a bit soft over the last couple of days after a massive run up, perhaps with some leaked information about potential copper tariffs. So that game has come and gone. It will be interested to see how this plays out. We did have a pretty significant bullish flag that broke higher previously. The measured move on that breakout was right about where we hit, almost to the penny at $5.30.So, the question now is whether or not traders will continue to drive copper higher. I think at this point; it's a bit of a mixed bag. don't really know mainly due to the fact that global growth is a little bit ... (full story)