Tuhi_Capital

Copper Starting to Move Up

Long
OANDA:XCUUSD   CFDs on Copper (US$ / lb)
- As economies start to take more reopening steps - copper has moved off its march lows.

- We remain bullish overall on Copper and note it's real world application and indication of global production / activities.

- Expect prices to correct at the overhead supply. We are in a trend move up and will look to pick up some contracts at the below demand zones.

- Stocks are a leading indicator of the economy and so we expect copper demand to increase over the coming quarters.

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