Copper Prices Face Bearish Headwinds

Via AG Metal Miner Recent price action suggests strong potential for the price of copper to shift away from the rally witnessed at the beginning of the year. Technical analysis (TA) indicates that copper prices have begun to form lower highs on shorter time frames. This is a strong indicator that a downtrend lies ahead.

However, prices will continue to trade sideways until the price curve forms a lower low below the trend line. At that point, we expect copper’s downtrend to begin in earnest.  Overall, the Copper Monthly Metals…