
The resilience in metals right now suggests we’re seeing structural demand rather than just a reaction to the headlines. Scott noted that the V-shaped recovery from the $100 level bears the fingerprints of institutional accumulation, especially with price now back above the major averages.
The way buyers defended the 8-day EMA to close near the highs shows real conviction. Scott breaks down the significance of the $125.79 pivot and what it means for the next leg in his latest analysis.
Here's the video youtu.be/l-F1mviXCKw

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