Copper Price Moves Often Begin in Asia Evening Session: Raschke

Linda Raschke, founder of LBR Asset Management, has identified a pattern in the copper market. According to her observations, copper price movements often begin during the evening session when Asian markets are active. This phenomenon can be considered as part of what she calls a 'Leg 2' downward price movement in copper.

Raschke's analysis focuses on technical formations and market reactions. In previous instances, she has noted resistance at the midpoint of a previous S&P range and highlighted silver's upside momentum following a buy day. These observations reflect her approach to market analysis, which emphasizes understanding chart structures and identifying key areas of resistance.

While Raschke's comments on copper provide valuable insights into market behavior, it is essential to remember that technical analysis is not always foolproof. Market movements can be influenced by various factors, including news events, economic data releases, and changes in investor sentiment.