Copper speculation positioning increased on the week, but investors continue to shy away from the industrial metal as both longs and shorts exited the market, per TD Securities. Key quotes “Continued deterioration in demand, as highlighted by our real-time commodity demand indicator, remains the largest driver for the red metal.” “As the world remains closed for longer there could still be another leg lower in copper prices.” “We believe the demand drag will continue to be the overwhelming factor, while reduced supply and additional stimulus down can only help mitigate downside as swollen inventories are likely to prevent a bullish response.” 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 Copper Futures: Neutral/bullish near term FX Street 2 years Copper speculation positioning increased on the week, but investors continue to shy away from the industrial metal as both longs and shorts exited the market, per TD Securities. Key quotes “Continued deterioration in demand, as highlighted by our real-time commodity demand indicator, remains the largest driver for the red metal.” “As the world remains closed for longer there could still be another leg lower in copper prices.” “We believe the demand drag will continue to be the overwhelming factor, while reduced supply and additional stimulus down can only help mitigate downside as swollen inventories are likely to prevent a bullish… 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.
