From the FXWW Chatroom – Commodities remain in focus in our world – especially for those questioning which commodity currency could most underperform the USD. The copper downtrend remains on the radar, so we checked in with our trading team.
“Focus remains centered on China consumption: there’s poor data out of the region, when it consumes 45%+ of the world’s copper,” says our trader. “We need a change in that data, though the supply side of the equation should not be overlooked. Levels to watch are 4915 and 4855 on the downside. On the topside, 5356 and 5440.”
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