Copper Could Recover And Signal A Relief Rally
Copper Could Recover: Tom Essaye Quoted in Barron’s
Copper Prices Have Tumbled. Is a Global Recession Coming?
That’s why, for copper, “there is key 2023 support between $3.57 and $3.62 [per pound] that will be in focus near term,” wrote Sevens Report’s Tom Essaye. “If it holds, copper could recover and signal a relief rally developing in risk assets more broadly but a violation would be a negative signal for global markets.”
Also, click here to view the full Barron’s article on stock futures are bouncing published on September 28th, 2023. However, to see the Sevens Report’s full comments on the current market environment sign up here.
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