I think copper will continue to rise. Copper is a useful metal for lots of electronic devices.
Point of control might act as a magnet to draw price higher.
In march through april copper was at a decision point, and markets decided it was in high demand. I would be surprised if price went back lower through that heavily traded range. If I was ordering copper for a large company I would probably feel like I'm getting a relatively good deal and/or a good deal may be running away from me if I don't act with haste.
Point of control might act as a magnet to draw price higher.
In march through april copper was at a decision point, and markets decided it was in high demand. I would be surprised if price went back lower through that heavily traded range. If I was ordering copper for a large company I would probably feel like I'm getting a relatively good deal and/or a good deal may be running away from me if I don't act with haste.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.