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Dr Copper is under the weather
2022-06-27 11:17:00

Copper is considered a bellwether of economic activity. There are concerns about a weakening U.S. economy. From a TA-perspective copper is at risk of breaking down.

The copper price is down some nine per cent in 2022 but still has about doubled since the covid lows of 2020. From a technical perspective, copper is in a negative trend below MA 200 and is at risk of breaking down from a twelve-month consolidation and support level.
 
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Carlsquare is a Pan-European research firm and financial advisor, focusing on M&A, Equity
Research and Growth Equity. Carlsquare has 70+ employees with deep sector knowledge in all 11
GICS sectors. The senior equity research team have an extensive experience about the stock
environment and several business sectors. The team produces company research reports,
independent valuations and trading notes. The group have offices in Berlin, Copenhagen,
Hamburg, London, Munich and Stockholm. Read more

Contact
MARKUS AUGUSTSSON
Head of Equity Research
markus.augustsson@carlsquare.com
+46 (0)76 235 03 20

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