Copper: Supply meets demand concerns
Comment of the Day

April 06 2022

Commentary by Eoin Treacy

Copper: Supply meets demand concerns

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Eoin Treacy's view

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Ranging prices contribute to analysts hedging their bets of which direction prices are likely to breakout and how much they are likely to move. Nevertheless, by suggesting a strike on put options of $9750, which coincides with the trend mean, they are effectively saying give the benefit of the doubt to the upside provided it continues to hold that level.

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