Apprarently yes.
But hang on in there.
We are probably going to the 2.3-2.4 level till the end of the year .
Then a bounce in January which will be a great short opportunity .
By this time next year copper will be trading below 2 .
Basically what we saw in copper the last 2+ years since 2016 was a huge topping pattern and the continuation of the bear market that had established its highs back in 2011 will be resumed.
Good luck to all the bulls.
This market is going to get nasty .
But hang on in there.
We are probably going to the 2.3-2.4 level till the end of the year .
Then a bounce in January which will be a great short opportunity .
By this time next year copper will be trading below 2 .
Basically what we saw in copper the last 2+ years since 2016 was a huge topping pattern and the continuation of the bear market that had established its highs back in 2011 will be resumed.
Good luck to all the bulls.
This market is going to get nasty .