Weekly copper

Over a week has gone by since my latest post on copper.

Looking at this period, we see some volatility in a sideways pattern with a price of $ 2.75 as per today. So a 5 cents drop compared to my last posting.

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As the golbal economy is starting to get hits by the recent US China trade and tariffswar and the uncertainty related to the Brexit deal.
This is reflected in copper as it is a sort of economic thermometer.

However, I lately read some interesting news that China will be putting its marks on developing its internal market in respond of the situation with the US.
This could result in large infrastructural projects in which raw materials like copper could positively be influenced.

But looking at the situation as it is now, copper is holding a stable course.

Let see how the next week will play out for copper.

Enjoy!

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