The markets don’t move in a straight line – they correct every now and then and that’s normal.and mining stocks right now.
Copper moved higher on Friday, but this rally was very short-lived – it was already more than erased in today’s pre-market trading. What is striking about copper’s current performance is that quite sharp corrections after the first part of the move lower are to be expected and therefore what we saw perfectly fits the broader bearish pattern.
Is getting excited about copper’s recent “strength” therefore justified? Yes, but only as long you are positioned to benefit from the likely decline.Scan QR code to install app
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