Falling Copper: Commodity Weakness is Spreading

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Copper fell from $6,100/metric ton on Friday to $5,400/mt yesterday. That is an 11% drop in only 3 trading days.

FREE Download: The Monthly MMI® Report – covering the Copper market.

The move does not come as a surprise to us as we recently pointed out that copper was positioned to fall below $6,000/mt. The size of the move is unpredictable but it was clear that copper buyers should have been enjoying the trend by buying down the market (at least if you subscribe to our reports).

 

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