Copper stood out on the downside overnight falling -2.8% as investors disembarked the recovery story, a drop MM is looking to fade ideally below the psychological $US400/lb area – at this stage our preferred vehicle to increase our exposure to this industrial metal is OZ Minerals (OZL) who report this morning to make things interesting!
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Thursday 11th September – Dow off -220pts, SPI off -20pts
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Wednesday 10th September – Dow up +196pts, SPI down -4pts
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MM remains bullish commodities & reflation into 2022
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