Know where you are in the range

Copper is attracting much attention, which is not unusual once an asset price has doubled.

Fundamental bullish cases are being made for rising demand compared to its tighter supply…..

but in the meantime the long-term price action suggests caution if you are thinking of establishing a new ‘long’ position.

This is only the third time Copper has traded at 3 standard deviations above its monthly mean is past 25 years.

#trap #reversion #overbought #copper

April 30, 2021

by Rob Zdravevski

rob@karriasset.com.au