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June 2009 | Base Metals


Rising volatility getting dangerous: Copper - Market Analysis


The fundamental picture is looking more mixed, and support for further price gains in the short term is not assured.

In the week to June 2, the outright short position on Comex copper was the highest since June 2001, at 40,139 lots, although the outright long also increased to the highest for a year, at 21,485 lots. Although the latest CFTC report (to June 9) shows that longs and shorts both subsequently...

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