Copper Peak Inklings? Stretched From 5-Year Mean Copper faces up-too-much risks near the start of 2Q. If the metal doesn't revisit its five-year moving average at $10,253 a ton, it would be the first year since 2021. Copper dropped 14% in 2022. The front futures' high of $14,262 on Jan. 29 may be nearing peak inklings, and the graphic highlights why: the steep premium to its mean and dependency on a rising stock market. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tdj5e8kijhdd {BI COMD} #copper #technicalanalysis @BBGIntelligence(Mike McGlone)