CHARTS: The coming critical minerals trade war is BRICS short of a load
"While a large number of countries around the world continue to talk about securing raw material supply, China is actually doing something about it."
Copper is on the verge of an upside breakout, says analyst Michael Noonan from Edge Trader Plus.
According to the expert, the trend started at the end of January and it is likely to continue:
Anything can happen in the markets, but you base your decisions on what is known and not on what may or may not happen. Could the potential breakout fail? Yes. Based on what is known, as of Friday, the odds say No.
As a rule of thumb, he recommends to go only with what is proven or confirmed.
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