More VoodoAnyone else spooked by the voodoo taking place today in the copper space?
As mentioned before, the copper reversal triggered last week gained momentum and spiked today and bumped up against that $4.60 voodoo resistence level a few times as it went sideways most of the day.
There must be a fundamental reason for that somewhere...
did I miss some government policy change?
perhaps a report on supply and demand that mathematically led to a $4.60 pricing?
I want to avoid calling it technical resistance because that would make me sterile ...