Commodities: Copper
Copper again made fresh decade highs last week and while we remain bullish base metals & the reflation trade in general we don’t believe the risk / reward favours chasing the current break out, at this stage MM is neutral looking for re-entry levels into the sector.
Copper again made fresh decade highs last week and while we remain bullish base metals and the reflation trade in general we don’t believe the risk / reward favours chasing the current break out, at this stage MM is neutral looking for re-entry levels into the sector.
Overnight we saw some significant moves across financial markets from bond yields dipping sharply to copper, gold and silver rallying strongly.
