COPPER TOOAY: Tracking the 20 DMA

  Analysis  LME copper price action continues to track the 20 DMA but still struggles to find sufficient catalyst to break and close above $6,200 per tonne again. Both the daily RSI and stochastic lines offer little directional value for now and this suggests more sideways trading will remain in the short term.  We note that buyers remain cautious with the LME copper price trading close to the band of overhead resistance. Macro drivers  ...

Published

Andy Farida

January 10, 2020

11:25 GMT

London

Keywords