Copper — a six-week high, now pausing at the bundle

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Copper — a six-week high, now pausing at the bundleCopper FuturesCOMEX_DL:HG1!plexustendCopper hit a six-week high this week on a mix of supply shocks — a storm disrupting Chilean mines (Codelco, Antofagasta), tightening Comex inventories on US tariff positioning, and a Chinese import premium at its highest since last May. The rally has been real, not speculative: production is genuinely down. The bundle read here: the MA convergence has acted as support through the pullback stages of this month's rally, and price is now pausing right at it after Tuesday's peak. Whether this is a healthy pause before the next leg or the start of a real reversal is exactly the open question the structure poses. Not financial advice — for analysis and education only. Method: Insen / OpenTraders.