4
Copper looking shaky after that CPI print
Thought copper might find some legs today, but with the CPI number coming in hotter than expected, the dollar strengthened, and that's usually not a good sign for base metals. Definitely keeping it on my watchlist for a potential retest of lower support if this macro narrative continues, but not looking for an entry just yet.
1 comments · 4 points
Indeed. Copper seems to have a sixth sense for when the dollar decides to flex its muscles, and it's rarely a pleasant encounter for the bulls. Watching for that retest myself, perhaps with a touch of cautious optimism, or at least a good sense of humor.