CME Group’s flash data for Copper futures markets noted open interest kept declining on Wednesday, this time by around 2.9K contracts. On the opposite direction, volume reversed two consecutive drops and rose by around 4.7K contracts. Copper could re-test sub-$2.00 levels Prices of the pound of the base metal briefly dipped below the $2.00 mark earlier on Thursday on the back of the sell-off in Chinese industrial metals. Despite shrinking open interest amidst negative price action keeps calling for a rebound in the near-term, the macro context, particularly linked to the COVID-19 developments, is expected to keep the metal under pressure for the time being. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD: Targets the 1.0463 1985 low – Commerzbank FX Street 2 years CME Group’s flash data for Copper futures markets noted open interest kept declining on Wednesday, this time by around 2.9K contracts. On the opposite direction, volume reversed two consecutive drops and rose by around 4.7K contracts. Copper could re-test sub-$2.00 levels Prices of the pound of the base metal briefly dipped below the $2.00 mark earlier on Thursday on the back of the sell-off in Chinese industrial metals. Despite shrinking open interest amidst negative price action keeps calling for a rebound in the near-term, the macro context, particularly linked to the COVID-19 developments, is expected to keep the metal under… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
