After several attempts, we are again above the 200 DMA.
Interest rates movements these last weeks, as well as inflation expectations, were somewhat clumsy with the market changing its view several times (ED futures now indicate 3 hikes in 2022). Along with that and worries over Chinese new policies, no clear trend was able to materialize in Copper.
Now that we've passed Chilean elections, perhaps comes the time to resume uptrend. If the tenacity in staying above the 200 DMA is a sign, it is a new opportunity to go long.
Any downturn under this MMA would infirm hopes again.
Interest rates movements these last weeks, as well as inflation expectations, were somewhat clumsy with the market changing its view several times (ED futures now indicate 3 hikes in 2022). Along with that and worries over Chinese new policies, no clear trend was able to materialize in Copper.
Now that we've passed Chilean elections, perhaps comes the time to resume uptrend. If the tenacity in staying above the 200 DMA is a sign, it is a new opportunity to go long.
Any downturn under this MMA would infirm hopes again.