FxWirePro: Copper bull call canceled; bearish outlook preferred

Back in February this year, after our short call in the copper was stopped out thanks to speculative expectations of higher infrastructure spending in the United States leading to higher demand for copper, we changed our outlook from bearish to bullish and forecasted a $3.2 per pound copper in our article named, “FxWirePro: Buy Copper targeting $3.2 per pound”, available at http://www.econotimes.com/

But as it turned out that President Trump’s fellow Republicans are not completely at par with him on policies and Democrats would oppose anything on the table along with establishment’s effort to not only prevent president’s plans but attempt to impeach him, we revised our outlook last month and warned our readers that our bull call in under threat in an article named, “FxWirePro call review: Our bull call in copper under threat”, available at http://www.econotimes.com/

In this article, we would like to recommend getting out of the bull call at the current price of $2.55 per pound or at rallies. We are back preferring our bearish outlook. However, at the moment we would not like to recommend any call but wait for further confirmation.