Research

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

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December 2019 | Base Metals


Base metals investment analysis: Bullish fund sentiment returning to copper


The COTRs published last week by the LME and CFTC show the net speculative short position in both LME and CME copper reducing again. And price action since those reporting dates – including the fresh buying behind Friday’s breakout above $6,000 per tonne – suggest fund setting is increasingly bullish.


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