Beyond all fakeouts, for copper until now the area $ 2.54 has proven to be hard to breakthrough. If the US stock market maintains its bearish bias also in March, then most likely this will be a right time to see copper below $ 2.50. However, the decline will be more pronounced on the copper at the LME (London Metal Exchange) than on that at the NYMEX.
Be careful though, copper certainly suffers from the situation in China due to the 2019-nCoV, but keep in mind that China was the first infected nation and will be the first to resume, compared to other countries affected by the virus.
Be careful though, copper certainly suffers from the situation in China due to the 2019-nCoV, but keep in mind that China was the first infected nation and will be the first to resume, compared to other countries affected by the virus.