taylorsan

Will copper recover short term momentum?

Long
OANDA:XCUUSD   CFDs on Copper (US$ / lb)
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Economic set up says 'probably' despite all the transitory chatter e.g. Infrastructure and EVs all create decent demand pull. Back end of the year could smell deflationary, but that is really only because of the difficult comparisons from a super massive reflation. ie everything will look like a slowdown.

If she goes I'd expect a little back test and maybe even some consolidation.

Bullish for now, but will drop on rejection and trend reversal.

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