The50% tariffs imposed in August had a significant impact on copper prices. Copper has spent the last two months consolidating the waterfall price collapse. Recently, prices appeared to have broken out of the congestion. The 50-day simple moving average (SMA) is still sloping down, but prices are trading higher, which, if they continue, will result in the SMA turning higher, supporting higher copper prices. Recently, price action has had multiple higher highs and higher lows, albeit not with significant pri ...