Bullish on Copper - But feel best to wait a bit yet for Entry

26 thg 4, 2017

I think it's just about time to buy copper again, in fact I was flipped the buy signal back on April 24th. However, I am sitting on the sidelines, mainly because I want to see the RSI get back over 50 before jumping back in. Once the RSI can get back above 50 (if it does within the next few trading sessions) I'll be going long copper :)

Fundamentally, Copper should rise from here - but there are a few potential snags that could still weigh heavy on her.