SIGNAL REMINDER – COPPER SHORT
Capital Analysis and its analysts would like to remind the “short” analysis for copper last published on 20/12/14. At the moment, the assumption of a decline is in negative numbers, but the situation is developing positively after the statistics from Chinese production for a further possible decline in prices. The analysis is still active and provides interesting values for use.
ORIGINAL TEXT: Copper Short. The copper market is still struggling for new and new highs. However, strong resistance from the turn of October 2017 to July 2018 has not yet broken through. These unique historical highs are a strong milestone. Today, CA analysts are adding another short analysis and preparing for a possible return to average prices. According to industrial production, current prices appear to be exaggerated. The total numbers of world industrial production do not correspond to the state of Long Orders or the state of unused stocks.
Chart source: WebTrader