What is driving up Copper prices?

Published: Thu, 02/15/18

February 16, 2018

The metals market has been hot driving up metal stocks. Copper is one of them. So what is behind it. And what is next for the Metals index.

"It's Going to Be a Very Exciting Time in the Copper Space" - A Dialogue with Paul West-Sells

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BSE Metals Index

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Base metal prices rebounded faster than I thought and that puts them back in positive gear. Also maybe the weekly momentum will whipsaw back to buy mode [as discussed in last weeks video]. Metal stocks then may now resume their rally after the recent correction that saw the BSE Metal index retrace 61.8% of the Dec-Jan rally. Next move in III of 3 could take it to 17250. Eventually we should head to the upper end of the larger channel as shown in pink.