Also good US economic numbers are not net positive for copper short term as it raises the spectre of more interest rate raises for longer. So what do we need? A small recession in the US and China opening.
Will it happen? Maybe end of H1 and Q4 market top before a major recession? Who knows. For now it is all FED speak that drives Copper. So unless CE starts pouring those announcements out, we may retrace some more. Happy to buy more lower.
breakout day?, page-71
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Last
79.0¢ |
Change
0.005(0.64%) |
Mkt cap ! $119.6M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 82.8¢ | 79.0¢ | $23.53K | 29.31K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3999 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.5¢ | 816 | 1 |
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| HCH (ASX) Chart |