Copper is an industrial metal that is in demand. Copper's outlook has been negative, because of a surplus leading traders to short this metal. However, like all commodities, there is a cost of production, and any commodity that trades below the cost of production will eventually have to rally.
In addition to the extremely low copper price, there is a Dylan Wave Support price at 1.65. Copper should provide a very good buy opportunity around 1.66 and should rally 20% to 1.99.
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