8 days ago • Posted by William Ramstein
Copper could be breaking above the short term negative trend line
A significant metal deficit projected for Q4, globally visible copper stocks could reach all-time lows by year-end and absent market adjustments driven by higher price could deplete by Q2 of 2022. This chart shows copper against the DXY inverted. A small pause in the DXY as we have been witnessing could see copper more dynamically shift to the upside.