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June 2021 - Copper (03/03/2021)

June 2021 - Copper (03/03/2021)

Fluctuating in wide range (4.04 - 4.37)

1. Fundamental Analysis
- Waiting for readings about U.S. factory orders, initial jobless claims and durable goods orders.
- Despite Caixin PMI services and indutries were not gud as expected. But, Lots of people remains optimistic.

- Sentiments about this market are seemingly improvement, even Chile annouced their production increased.

2. Technical Analysis
- Daily, Supporting level: 4.04.

- H4, price are fluctuating in a sideway. I expect that Copper need to accumulate, and then climb to former peak. (Around 4.30)

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