Is the Price Of Copper Telling Us Something? | Midday Market Minute | 5.9.22

Posted: May 9, 2022, 2:57 p.m.

We have another selloff on our hands, as the offers came in strong from the beginning of the Sunday night opening. Regardless, the Treasury yield has peaked it's head back over 3.1%.

Our Daily Morning Express Research Outlines Support & Resistance Levels:

Crude Oil has come back to the $102 range, but we feel it is a complete risk off move.

China's Yuan is weakening against the US Dollar. This enables them to purchase commodities cheaper, as they are a permanent bid. Copper is a bellwether for the health of a nations economy, and it's rebound today speaks volumes.

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