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As Copper Mean Reverts..

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Mark Melin
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With demand from China expected to slow, the outlook for metals, once dominated by the omnipotent force of one of the world’s largest and fastest growing economies, is likely to see cyclical pressures impact pricing. With the recent rally across the metals complex now in the rear view mirror, is it time for investors to take money off the table? While certain markets have begun to mean revert – copper is one example – a UBS report out Monday observes that investors they speak with are looking to buy the dips.

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Copper UBS report
dimitrisvetsikas1969 / Pixabay

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.