I appreciate your comments. They are blunt and straight to the point.
Copper price. I have a feeling that the technical shoulder-head-shoulder narrative, with corresponding downside correction potential, is somehow weakening. The right shoulder looks pretty crippled. I was of the opinion that we would or should consolidate in a range of 4.20-4.50. Should we run above USD/lb 4.70, then the storytellers will have to come up with something new. Then I think we will certainly see new highs before the end of the year.
HMX Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
