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Copper price has been in a holding pattern for a Month or two...

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  1. 709 Posts.
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    Copper price has been in a holding pattern for a Month or two now, but with the supply and demand story in the background of the Trade war, as long as Trump delays any new tarrifs or talks don't start going poorly, I see copper continuing to slowly gain strength.

    I'm a bit sceptical about it breaking out (above $2.85us/lb) while we still have the Macro trade wars and fear economic slowdown could still be around the corner, but monitoring copper action, I have seen more of a lean towards support, rather than fear/selling...


    G20 was a positive for copper overall, even if that was only due to lack of anything that could negatively effect it.


    Let supply and demand take the front page.

 
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