Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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April 2019 | Base Metals

Base metals investment analysis: Positioning generally oscillating either side of net neutral

For the bellwether copper market, speculative length is neither convincingly long nor short. That leaves the door open for fund-driven price moves in either direction. We still favour the upside, however, as a US-China trade deal may be marked by speculative short-covering and long position building.


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