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Copper COT
Despite the steep decline, large speculators still hold one of the most prominent net long positions ever in copper futures. Thus, we believe the liquidation of the overcrowded trade will continue, pushing prices well under $4.00.
Despite the steep decline, large speculators still hold one of the most prominent net long positions ever in copper futures. Thus, we believe the liquidation of the overcrowded trade will continue, pushing prices well under $4.00.