Copper Demand: In the late-August copper price forecast update it was noted that “the shifting narrative around the supply-demand picture has created an opportunity whereby copper traders may be able to retake the pandemic uptrend, which would keep intact the prospect of a multi-month bull flag forming – and if viable, another jaunt to all-time highs.”
Copper Target
Copper Nickel Hit Full Target, Metal Melt Like Ice | Neal Bhai
Copper Nickel Hit full target today: Copper yesterday settled up by 1.91% at 762.95 as floods in top consumer China spark demand hopes at a time when inventories are falling.
Copper MCX Tips Today: All Target Hit, Rona Mana Hai Trade With Neal Bhai
Copper MCX Tips Today: The trend in MCX Copper has been bearish ever since it touched a life time high of Rs.812.60/kg in mid-May.
Copper Prices CMCU3 Have Extended Their Sharp Recovery
Copper prices CMCU3 have extended their sharp recovery last week from the March lockdown lows of $4,371 to $7,973.5 a tonne, the highest since February 2013, buoyed by China’s solid demand and hefty investments by speculators amid monetary policy easing. views the current prices do not reflect fundamentals and the rally has been overdone.
BASE METAL TIPS – Copper Prices OutLook: Net Longs in the Industrial Metal Grew Slightly
Base Metal Tips – Copper Prices: Net longs in the industrial metal grew slightly as funds marginally cut back on their short positions by 1%. However, copper could be starting to top out as investors refrain from taking up fresh longs.