RE:whoah copper open spiked to US$4.3965 on openOpenning gap closed, followed by consolidation, and now CU heading to the spike high of day.
Price is responding to :
Bloomberg News Sun, Apr 14, 2024, 10:50 AM MST
“(Bloomberg) -- Metal traders are bracing for dramatic moves after the London Metal Exchange responded to new US and UK sanctions by banning deliveries of any Russian supplies produced after midnight on Friday.
Most of the two dozen market participants interviewed by Bloomberg expect prices of aluminum, copper and nickel to jump when LME trading reopens on Monday morning at 1 a.m. London time.”
Full article, with discussion, at: https://finance.yahoo.com/news/metal-traders-ready-fireworks-lme-175044860.html