Copper rally faces up against another key momentum test ...Middle East

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It's tough to not be bullish on copper against the backdrop of the green energy transition. The story has been there for a while now. But timing is everything when it comes to trading and in the case of copper, it is finally starting to come into the spotlight. In April, copper rallied by 13% and is following that up with another 11% rally so far in May. But is the surging rally starting to run out of steam?After having touched above $5 per pound for the first time last week, copper futures settled just under that for a while. That before a run higher again earlier this week to a fresh record high. But as seen above, there are some technical challenges presenting itself for copper at the mom

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Last updated : 22 May 2024 clock 12:01 PM

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Copper rally faces up against another key momentum test ...Middle East

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