Copper Long. Due to a strong support line, the copper market continues its bullish trend. According to analysts, the short-term slight drop in price was an interesting limit for new long positions. The fundamental situation is clear from the point of view of the big players and the goal as well – up to 4.60. The current trend in terms of volumes is one of the strongest trends in metals in the last few years. For some traders, this may be a hedge strategy.
Charts and table sources: WebTrader, Barchart