If the chartists are right about the demand, i don’t know where the supply is coming from,” says colin bird….“
Copper outperformed all 5 assets in the metals asset class since the previous day.
Traders will also want to note, though, that a counter trend — meaning a trend going up — can be seen on the 14 day timeframe.
Those trading within the metals asset class should know that copper was the worst performer in the class today.
For additional context, note that price has gone down 16 out of the past 30 days.
Relative to other instruments in the metals asset class, copper ranked 2nd since the previous day in terms of percentage price change.