BDI Lead Fallout and Copper Reversal to Punish Metal Stocks

Emerging Markets Cross-Asset Strategist, Emvest Partners

Guillaume Coutant

Emerging Markets Cross-Asset Strategist

Cross-Asset Emerging Markets Technical Research

Emvest Partners

Emvest Partners is the leading independent French financial analyst specializing in Emerging Markets for  Asset Managers, Hedge Funds and Family Offices. The studies provided by Emvest Partners are based on a top-down, cross-asset and relative-value approach of the financial markets. The articulation of macroeconomic analysis and technical analysis improves the consistency of the recommendations, the mitigation of risks of error and a significant improvement in performance.

Technical Analysis

<p>Base metals outlook for the coming months is negative, along with the global relative underperformance of Emerging Markets over Developed Markets.</p><p>From a cyclical and technical point of view, this will be illustrated by weaker levels on Copper and linked currencies such as AUD or CLP</p>

Base metals outlook for the coming months is negative, along with the global relative underperformance of Emerging Markets over Developed Markets.From a cyclical and technical point of view, this will be illustrated by weaker levels on Copper and linked currencies such as AUD or CLP

Copper (HG1): Back at Resistance for a New 23/30% Drop