Copper: Losses extend on macro headwinds – ING

💡 DMK Insight

Copper’s recent drop isn’t just a blip—it’s a signal of deeper market anxieties. With inflation fears tied to geopolitical tensions in Iran and disappointing economic data from China, traders should brace for continued volatility. A stronger US Dollar is compounding these issues, making copper more expensive for foreign buyers, which could further dampen demand. If you’re trading copper, keep an eye on key support levels; a break below recent lows could trigger a wave of selling. Conversely, if the market finds footing, a rebound could be on the table, but that seems less likely given the current macroeconomic headwinds. Watch for updates on US inflation data and Chinese economic indicators, as these will likely dictate copper’s next moves.