Technical Talk: COMEX Copper tanks under 20 week moving average, down 10% this month

COMEX Copper futures melted today as a break under 20 week moving average pulled down the counter heavily. The metal currently trades at $5.44 per pound, down 2.55% on the day. The metal has lost 5.30% this week and has tested near four-month lows. With this break, the counter has shed nearly 10% this month.

Powered by Commodity Insights