Yulia Slavina

Otavio (Tavi) Costa: Copper shows resilience with breakout support holding strong

Otavio (Tavi) Costa: Copper shows resilience with breakout support holding strong
Copper holds strong amid volatility

Copper has demonstrated notable resilience even as broader commodity markets experience volatility. According to Otavio (Tavi) Costa, the metal has precisely retested its breakout level, which now serves as a strong support. Costa believes this technical setup positions copper for its next move higher.

Costa has recently pointed to renewed inflation pressures, citing oil shocks and record-high U.S. interest payments above 5 percent of GDP in a previous analysis. He has also addressed gold's performance, stating that recent declines are tied to market reactions to tight monetary policy rather than liquidations in a separate commentary. These views set context for his current focus on copper’s technical trends.

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