"Copper is having trouble eclipsing the $3 mark and, with this market in severely overbought territory, it may need to correct a bit and then consolidate for a period of time before it's able to overcome this obstacle," said Dale Doelling, chief market technician at Trends In Commodities, quoted in MarketWatch.
"But one thing's for sure, this trend is showing no sign of abating and I expect that we'll see higher prices eventually," he said.
Pull back on SP is not a worry & to be expected, look for coming surges soon.
cheers
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