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Copper - Futures - 6/5/2024
Copper CAPITALCOM:COPPER
insanemalin
1. Copper - China - CNY - Yuan
COT Report: -66,642 net positions as of 04/30/24 - Yearly High
Fundamentals:
CNY - Positive Manufacturing PMI (Forecast 50.3, Actual 50.4)
Summary:
Despite positive PMI, Copper prices faltered, hinting at possible market extremes. Possibility of another turning point.
In conclusion, a synthesis of price action, net positions, and news events provides valuable insights for potential turning points in these markets.
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