Now the question I have is why is copper taking such a hit if everybody is bullish on a super cycle… We haven't got back to the levels of three weeks ago
Normal consolidation in my view. Its been happening at every fifty cents or so. Please stand-by for the next leg up...
https://finviz.com/futures_charts.ashx?t=HG&p=w1
On the monthly chart copper looks like it is barely taking a short breather. https://finviz.com/futures_charts.ashx?t=HG&p=m1
My question is why is Teck's stock taking it to the teeth this morning with oil up and copper holding firm? Other copper plays are down on average about 1% but Teck is down 4% on heavy volume.