Copper has been in an uptrend since february 2024.
Price is currently outside Bollinger bands (50 period).
Some of the reasons copper has been rising is near term demand and shortages, some articles pointing out to data center demand for copper for the AI boom.
With Nvidia, intc, amd and other tech stocks showing weakness in last week, my opinion is that it might be a good time to look for shorts in copper, with tight stops.
Price is currently outside Bollinger bands (50 period).
Some of the reasons copper has been rising is near term demand and shortages, some articles pointing out to data center demand for copper for the AI boom.
With Nvidia, intc, amd and other tech stocks showing weakness in last week, my opinion is that it might be a good time to look for shorts in copper, with tight stops.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.