There were questions surrounding the momentum of the rally already in European trading yesterday, especially in copper here. The key technical break there then gathered pace and led to a full-fledged selloff across the commodities space. Copper ended up with a roughly 6% decline - its worst since the Covid pandemic.While copper may still be up some 6% in May trading, the upside momentum over the last two months has now been quelled.From a technical perspective, the pullback looks to have legs to it with the 38.2 Fib retracement level of the swing higher only coming closer at $4.579. As such, sellers are now back in control.As much as metals have a more bullish narrative attached to them, we
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