Copper Futures - Breakout shaped recovery
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The economic recovery hasn't been confirmed yet by Dr Copper has it fails to break out of his decade long downtrend. It was challenged last month with no clear break (2 consecutives closes above)
August could be the month of the recovery from COVID or a pullback could signal a longer recovery ahead.
August could be the month of the recovery from COVID or a pullback could signal a longer recovery ahead.
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Breakout underway in Copper after China injects liquidity into their financial systemA successful one would support the economic recovery narrative
Bullish Fundamentals & Technicals
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