Copper & Zinc

Cum Clave analysis N.11 preview.

Difficult scenario for copper. The main Chilean copper producer implements measures to contain the next changes in the sector. We still don’t know what it is, but the scenario is not the best even if it should be. The virus has not yet directly affected production in Chile.
The organizers of the CRU World Copper Conference in Santiago and Cesco Week, one of the largest annual copper miners’ gatherings in the world, canceled both events in early March due to coronavirus problems….

The last support at $ 1950 was cut down. Different dynamics and speculations with ambiguous volumes leave room for important directional changes.

The immediate recovery of the aforementioned area, from a powerful bullish lever on the market….

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